China

China has surged ahead of the US as the most attractive place for renewable energy investment. This is based on the Ernst & Young report. The two countries were tied in last year’s Ernst & Young's Renewable Energy Country Attractiveness Indices. But with $34.6 billion in investments in 2009, China surpassed the United States by more than $15 billion, accounting for 30.5 percent of G-20 investment in renewable power. A full 71.1 percent of this investment went to wind power. Although only eight percent of China's renewable energy spending went into solar power, it has already become the world's largest producer of solar panels.  "China's steady rise to pole position has been underpinned by strong and consistent government support for renewable energy.  This, together with substantial commitment from industry and the sheer scale of its natural resources, means that its position as top spot for renewable energy investment is well merited," said Ben Warren, Ernst & Young's environment and energy infrastructure advisory leader. “

The 300MW Kailu Jianhua Wind Power Project of CPI Mengdong Energy has been ratified.

CWP will get a stand-by credit line of US$734.5 million from China Construction Bank to support its business development in China. China WindPower’s five-year development plan sets forth to invest in and construct wind power projects with a total installed capacity of 700 MW in 2010.

CSR will supply 30 wind power generation units for China Datang Corporation’s wind power project.

The first phases of Penglai Hushan and Zhaoyuan Xiadian wind farms were approved by the Shandong Development and Reform Commission.

Huaneng New Energy will invest US$880.9 million in the construction of an offshore wind power farm in Jiangsu province.

The SGCC expects to complete its acquisition of seven Brazilian energy companies from Plena Transmissoras for $1.72 billion by October.

ABB will design, supply and install all six main transformers for the 500 kilovolt Tongyu substation currently under construction.

All five Laxiwa Hydropower units are now connected to the grid after its Unit 1’s successful commissioning. The unit recently completed a 72-hour test run.

Jilin Energy & Transportation finalized its agreement with Baicheng Municipal Government on Joint Development of Baicheng 1000MW Wind Farm.

Unit 3 of Heimifeng Pumped Storage Plant was successfully connected to the grid for generation.    The successful grid connection of unit 3 indicated that commissioning for grid connection and power generation of Phase II Project will be carried out on full scale and tested the professional competence of plant professionals at Wuling Electric Power Co., Ltd.    At the moment, commissioning preparations for grid connection of unit 4 of Heimifeng Hydropower Plant are well under way and commissioning will be conducted soon.

Beichen has closed a US$3 million contract to build a 148.3MW wind farm project in Inner Mongolia.

ADB will extend a $150 million loan to help the Inner Mongolia improve its aging coal-fired heating systems.

CPI strengthened strategic cooperation with Tangshan municipal government in developing clean energy power generation.

Both the production and sales volume of CPI’s electricity, coal and aluminum businesses achieved faster growth than industry average.

The Xiangjiaba-Shanghai project, the world’s first UHVDC transmission link, has started commercial operation. The project was completed in 30 months, one year ahead of schedule.