China

The transaction would mark the latest energy sector deal between China and Canada.

Mingsong Liang and Shuming Zhao has been selected as the new independent directors for the company board of Daqo New Energy.

Currently in Australia like much of Asia, the debate about a carbon tax and what form it should take is holding centre stage in both the political arena and public debate through the media. Looking at the major industrial countries, India has already legislated a carbon tax whilst China is looking at implementing a tax in either 2012 or 2013. South Korea has discussed a number of initiatives, but is still to formally legislate any compulsory taxation measures.

China electricity industry has been restructured by separating the design and construction businesses from power grids and firms and establishing two new companies. The two new firms, PowerCorp China and China Energy Engineering Group Co. Ltd., are both solely funded by the state, according to the State-owned Assets Supervision and Administration Commission. The separation of auxiliary businesses from the nation's power grids and power generating companies was part of the country's efforts to reform the power industry as formulated by the State Council in 2002, said Wang Yong, head of SASAC. After the restructuring, the state-owned Sinohydro Corporation, HydroChina Corporation, together with the design and construction units previously affiliated with the State Grid and the China Southern Power Gird in Shanghai, Hebei, Jilin and 11 other regions, will merge into PowerCorp, with assets totaling 196 billion yuan or US 30.63 billion U.S. dollars and 202,700 employees. CEEG has also taken over the other two state-owned enterprises, the China Gezhouba Corporation and the China Power Engineering Consulting Group Corporation, along with auxiliary units previously operated by the State Grid and the China Southern Power Gird in Beijing, Tianjin, Shanxi and 13 other provinces or regions. CEEG has assets totaling 120 billion yuan and 160,000 staff.

This after exercising a call option to acquire the entire equity interest of Tongji Environmental Pte Ltd for RMB34.03m.

China will tighten emission standards for thermal power plants to curb worsening environmental degradation.

Some Chinese regions will face a shortage of power in winter due to strong demand growth and low water storage, reports Reuters.

Suntech Power expects China to benefit from falling solar prices, forecasting that the country overtake Germany as the largest solar market by 2015, reports Reuters.

State Grid Corp of China won preliminary government approval for its plan to put up a second alternating current ultra-high voltage power line.The approval allows the country's dominant power grid operator to move a step closer toward establishing a network of UHV power lines that would connect energy-rich inland regions and coastal demand centres.

The local government of China's Jiangxi province will be charging higher electricity prices on energy guzzlers, amid a national drive for energy-saving and energy efficiency.

Spanish wind turbine maker Gamesa has signed a deal to sell and install 200 megawatts of wind turbines for China's Huadian New Energy Development by 2012, according to Reuters.

Tier 1 & 2 of China-based module manufacturers were running at ~50% utilization rates due to overcapacity and weak demand, according to the investor note of Jeffries equity analyst Jesse Pichel.

JinkoSolar has been solely awarded the module supply contract for China Guangdong Nuclear Solar Energy Development's upcoming projects in Dunhuang and Qinghe County. 

Brazilian utility Furnas has signed an accord with China Three Gorges Corporation to develop renewable energy projects around the world.

Construction on the 198MW phase III wind energy development project in Heilongjiang Province, China has been started by China Wind Power International.

The International Atomic Energy Agency feels that the global atomic sector would largely be driven by countries like India and China.