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Sun08102014

Iberdrola completes its first three renewable energy projects in South Africa

Iberdrola completes its first three renewable energy projects in South Africa

Iberdrola has completed two wind farms and a photovoltaic power plant in South A...

Former Irish president appointed as special envoy for climate change

Former Irish president appointed as special envoy for climate change

Former Irish President Mary Robinson has been appointed by United Nations Secret...

The truth about the forthcoming endangered cities

The truth about the forthcoming endangered cities

Gone are the days when the term ‘endangered’ was being cascaded to animals or di...

Elemooni: Eco-friendliness for kids

Elemooni: Eco-friendliness for kids

A new group of nano explorers could change the way children learn about positive...

R.E.S. Americas orders 166 MW-worth of wind turbines from Vestas

R.E.S. Americas orders 166 MW-worth of wind turbines from Vestas

Wind turbine manufacturer Vestas has received an order from Renewable Energy Sys...

N.R.D.C. fights back, counters discrediting advertisements through TV ads

N.R.D.C. fights back, counters discrediting advertisements through TV ads

New York-based environmental advocacy group Natural Resources Defense Council ha...

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...

Business

Technology

Patterned silica layer allows solar cell to cool itself

Patterned silica layer allows solar cell to cool itself

Tuesday, 29 July 2014

By adding a specially patterned layer of silica glass to a solar cell, a team of researchers from Stanford University have improved its ability to tra...

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Politics

Living Green

Recycling for an even greener garden

Recycling for an even greener garden

Wednesday, 06 August 2014

All homeowners are encouraged to recycle wherever possible, whether it’s the packaging that their food comes in, the items they’re thinking about thro...

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Renewables

Low-Carbon

How to use eco-financing to create a competitive edge

How to use eco-financing to create a competitive edge

Thursday, 07 August 2014

If you are an entrepreneur, your success lies in adapting your business operation to people’s lifestyles in order to create brand loyalty. One of the ...

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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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