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SPI Solar to acquire 360 MW worth of solar power projects in China

SPI Solar to acquire 360 MW worth of solar power projects in China

Solar Power, Inc. is set to become one of the largest solar developers in China....

Toyota hybrid exceeds 7 million mark in global sales

Toyota hybrid exceeds 7 million mark in global sales

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Suzlon eyes 2,000 MW of wind energy projects in India over next five years

Suzlon eyes 2,000 MW of wind energy projects in India over next five years

India-based wind turbine maker Suzlon has expressed its intent to build 2,000 me...

Solar power could be leading source of electricity by 2050

Solar power could be leading source of electricity by 2050

Solar power could overtake all other sources of electricity by 2050, according t...

U.N. chief welcomes announcements made in Climate Summit

U.N. chief welcomes announcements made in Climate Summit

United Nations Secretary-General Ban Ki-moon welcomed bold new actions to addres...

Climate Summit sees intiatives and commitments

Climate Summit sees intiatives and commitments

Various bodies and entities on the Climate Summit in New York have announced the...

Climate Rally reaches 310,000 participants

Climate Rally reaches 310,000 participants

The number of people who joined the People’s Climate March this September 21 rea...

Business

Richard Flint, Yorkshire Water CEO, opens self-powered sewage works

Richard Flint, Yorkshire Water CEO, opens self-powered sewage works

Thursday, 13 November 2014

Consuming two years development time and a whopping £34 million investment, Yorkshire’s first self-powered sewage works site has been unveiled in Brad...

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Technology

New polymer materials developed for better solar cells

New polymer materials developed for better solar cells

Wednesday, 19 November 2014

Researchers from North Carolina State University and the Hong Kong University of Science and Technology have developed new materials for more efficien...

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Politics

U.N. chief welcomes $9.3 billion pledge for Green Climate Fund

U.N. chief welcomes $9.3 billion pledge for Green Climate Fund

Friday, 21 November 2014

United Nations Secretary-General Ban Ki-moon welcomed over $9.3 billion in pledges made by Governments for the Green Climate Fund. The $9.3 billion pl...

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Living Green

How to reduce your pooch’s carbon paw print

How to reduce your pooch’s carbon paw print

Wednesday, 19 November 2014

With an increasing number of people becoming environmentally conscious, there is little wonder that several measures are being taken to bring down the...

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Renewables

IKEA purchases second U.S. wind farm to provide clean energy to their stores

IKEA purchases second U.S. wind farm to provide clean energy to their stores

Friday, 21 November 2014

The IKEA Group has purchased the 165-megawatt Cameron Wind Farm in Cameron County, Texas, from Apex Clean Energy. The Cameron Wind Farm is expected to...

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Low-Carbon

Green energy in business – Five tips for the office

Green energy in business – Five tips for the office

Friday, 21 November 2014

Make your office and employees eco-friendly with simple-to-implement advice on creating a green workplace from the energy experts at Project Lower. As...

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Opinion

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Wednesday, 11 June 2014

Nutrition plays a critical role in everyone’s chance at a better future. Hunger, said Benjamin Franklin once, is the best pickle. Some say “pickle”...

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Chinese region of Xinjiang grants Navajo Wind project final approval


Navajo Wind Energy Corp.’s wind energy project in the
Xinjiang region of China will make it one of few companies licensed to trade electricity in and out of China.Image sourced from Navajo Wind Energy Corp.

The Chinese autonomous region of Xinjiang has granted final approval to US wind company, Navajo Wind Energy Corp. (PINKSHEETS: CLBN), for the Xinjiang Power Purchase Agreement (PPA). The approval, which was announced yesterday (May 11), is mandated by the Central Government of China through the country’s Renewable Energy Law.

The law orders that the construction of renewable energy facilities must be encouraged, and that China’s electricity grid must purchase all the electricity produced by approved facilities within its service area. The buying price is set by the State Council’s regulatory department, the National Development and Reform Commission (NDRC).

Navajo awaits final pricing, terms, and conditions from the NDRC within the next few weeks. Details of the PPA will also be announced during the said period. The wind farm construction permit is expected to be released by September. Navajo Wind will also be finalizing current information for the Pink Sheets OTC disclosure and news service.

Navajo Wind, formerly called Caliber Energy Inc., is currently focused on developing more than 500 megawatts of clean wind energy. Its key acquisition of Guangzhou Jianinxiang Co. Ltd., a wind farm and power trading company, makes Navajo Wind one of a few companies licensed to trade electrical power in and out of China. Navajo Wind is based in Atlanta-Georgia.


- Jen Balboa


Sources:

1 http://www.marketwire.com/press-release/Navajo-Wind-Energy-Corp-987704.html
2 http://www.navajowindenergy.com/about_navajo.htm

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