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Mon03022015

Hong Kong’s policy on environment-friendly commercial vehicles to tighten

Hong Kong’s policy on environment-friendly commercial vehicles to tighten

Hong Kong’s Environmental Protection Department will be tightening its qualifyin...

Philippines’ new wind farms add 303 MW to country’s power supply

Philippines’ new wind farms add 303 MW to country’s power supply

Two new wind farms in the Philippines have added 303 megawatts of clean energy t...

Geneva talks require “business unusual” approach – W.W.F.

Geneva talks require “business unusual” approach – W.W.F.

A “business unusual” approach is needed in the Geneva Talks to successfully deli...

New battery uses old batteries for greener energy storage

New battery uses old batteries for greener energy storage

Energizer has developed the world’s first high-performance battery made with rec...

Global warming to bring more devastating weather patterns

Global warming to bring more devastating weather patterns

The United Nations World Meteorological Organization confirmed that global warmi...

Jamaica to get 36.3 MW wind farm by 2016

Jamaica to get 36.3 MW wind farm by 2016

A 36.3 megawatt wind farm in Jamaica has received $62.7 million in funding from ...

A.D.B. provides Thailand with $85 million to develop wind power plant

A.D.B. provides Thailand with $85 million to develop wind power plant

The Asian Development Bank will be providing a company in Thailand loans to deve...

Business

Georgia taking leadership role in developing solar power

Georgia taking leadership role in developing solar power

Tuesday, 17 February 2015

The state of Georgia is emerging as a leader among the 50 states in promoting and implementing the use of solar energy, in part because of both busine...

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Technology

Penn State develops CPV system for rooftops

Penn State develops CPV system for rooftops

Tuesday, 10 February 2015

Researchers at Penn State have developed a concentrating photovoltaic system that is small enough and light enough to be mounted on a building’s roof....

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Politics

New draft text for climate agreement in Geneva reached

New draft text for climate agreement in Geneva reached

Monday, 16 February 2015

A new climate change draft text has been reached during the one-week United Nations-facilitated Geneva talks, leading to a binding treaty that is expe...

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Living Green

Wall-to-floor eco-friendly interior design

Wall-to-floor eco-friendly interior design

Tuesday, 17 February 2015

The materials you surround yourself with—from flooring and window coverings to furniture and accessories—have a great impact on the health of your hom...

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Renewables

Vestas supplies Poland, U.K. with turbines

Vestas supplies Poland, U.K. with turbines

Tuesday, 17 February 2015

Wind turbine manufacturer Vestas has announced that they have secured orders this week for two projects in Poland and the United Kingdom. The orders c...

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Low-Carbon

PG&E plans ambitious E.V. charger roll-out in California

PG&E plans ambitious E.V. charger roll-out in California

Tuesday, 17 February 2015

An estimated 25,000 electric vehicle chargers could be deployed in California by Pacific Gas and Electric Company. PG&E is seeking permission from Cal...

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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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