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North Caucasus hydropower to increase with three new projects from RusHydro

North Caucasus hydropower to increase with three new projects from RusHydro

Three small hydropower plants developed by RusHydroare set to begin construction...

Discrediting advertisements on carbon pollution standards outrages organizations

Discrediting advertisements on carbon pollution standards outrages organizations

The Natural Resources Defense Council, and more than two dozen organizations, is...

Supercritical steam for super productive solar thermal plants

Supercritical steam for super productive solar thermal plants

By using supercritical steam, solar thermal power plants could produce enough en...

Nepal gets first wind-solar hybrid system

Nepal gets first wind-solar hybrid system

The Asian Development Bank has handed over the country’s very first wind-solar h...

Unsustainable urban life: What's next?

Unsustainable urban life: What's next?

Nutrition plays a critical role in everyone’s chance at a better future. Hunger...

Chile’s largest solar power project officially open

Chile’s largest solar power project officially open

The 100 megawatt Amanercer Solar CAP Power plant in Chile has been officially op...

Five gigantic things happening in sustainability

Five gigantic things happening in sustainability

Understanding this mainly becoming typical ‘S’ word has always been part of the ...

Business

Ascent Solar announces milestone agreement for their J.V. in China

Ascent Solar announces milestone agreement for their J.V. in China

Thursday, 03 July 2014

Thin-film solar module manufacturer Ascent Solar Technologies, Inc. has announced the achievement of a significant milestone for their joint venture i...

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Technology

Politics

Living Green

Elemooni: Eco-friendliness for kids

Elemooni: Eco-friendliness for kids

Tuesday, 08 July 2014

A new group of nano explorers could change the way children learn about positive values, the environment, and believe it or not, the periodic table of...

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Renewables

Senvion installs its first turbines in Nordsee Ost offshore wind farm

Senvion installs its first turbines in Nordsee Ost offshore wind farm

Tuesday, 08 July 2014

Suzlon Group’s wholly owned subsidiary Senvion SE has installed the first turbines for the offshore wind farm Nordsee Ost in Germany. The Nordsee Ost ...

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Low-Carbon

World Bank to help Kosovo, Kazakhstan become more energy efficient

World Bank to help Kosovo, Kazakhstan become more energy efficient

Thursday, 19 June 2014

The World Bank has approved a $31 million-project for Kosovo and a $21.7 million-grant for Kazakhstan that will both be increasing the countries’ ener...

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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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