Space Travel News  
WIND DAILY
France's EDF buys Chinese wind energy firm
by Staff Writers
Paris (AFP) July 12, 2016


State-owned French energy giant EDF said Tuesday it had taken a controlling stake in Hong Kong-based Chinese firm UPC Asia Wind Management (AWM), adding to a range of activities in China.

EDF, which did not reveal what it had paid for the 80 percent stake in AWM, the local arm of UPC China, already has nuclear activities in China, as well as a presence in thermals and hydraulics.

US investment fund Global Environment Fund (GEF) will retain a 20 percent share of AWM, said EDF, which last year dubbed China the centre of gravity of the global energy industry.

The French firm, which highlighted its view of China as a priority growth market, is present in a swathe of Chinese cities, notably with a stake in a nuclear plant at Taishan in the south.

"Our ambition is to accelerate our production of low-carbon electricity, thanks to a diversified energy mix where nuclear and renewable energies are complementary," said EDF's CEO Jean-Bernard Levy.

"Our development in high potential markets such as China sit perfectly within this dynamic," he added in a statement.

China's recent high growth environment has seen energy consumption rise exponentially in recent years and carbon currently has a 70 percent share in the mix.

However, Beijing's "ambition is to reach 200 gigawatts of installed windpower capacity by 2020 -- a rise of 15 GW per year," said EDF.

By the end of 2014, China already had surpassed the United States as the country with the world's largest installed base of wind power at 100 GW.

jum/sl/cw/pdw

EDF - ELECTRICITE DE FRANCE


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Wind Energy News at Wind Daily






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
WIND DAILY
Scotland commits $26M for low-carbon economy
Edinburgh, Scotland (UPI) Jul 11, 2016
The Scottish government said it was making millions of dollars in funding available to help boost small-scale infrastructure that supports a low-carbon economy. Nearly $26 million is available, provided it represents no more than half the total capital value, for small-scale demonstration projects aimed at advancing a low-carbon economy in Scotland. "The Scottish government is co ... read more


WIND DAILY
Russia to Continue Rocket Engine Supplies to US Under Existing Contracts

India launches 20 satellites in single mission

LSU Chemistry Experiment Aboard Historic Suborbital Space Flight

Spaceflight contracts India's PSLV to launch 12 Planet Dove nanosats

WIND DAILY
Unusual form of sand dune discovered on Mars

Mars Rover's Sand-Dune Studies Yield Surprise

ChemCam findings hint at oxygen-rich past on Mars

Curiosity rover analysis suggests Mars has oxygen-rich history

WIND DAILY
Russia to spend $60M in 2016-2018 to fund space voyages to Moon, Mars

Russian Moon Base to Hold Up to 12 People

US may approve private venture moon mission: report

Fifty Years of Moon Dust

WIND DAILY
Alex Parker Discovers Moon Over Makemake in the Kuiper Belt

Hubble locates new dark spot on Neptune

Pluto's Subsurface Ocean Likely Exists Today

Case Bolstered for a Present-Day Subsurface Ocean on Pluto

WIND DAILY
Teenagers at Keele University Discover Possible New Exoplanet

What Happens When You Steam a Planet

How Planetary Age Reveals Water Content

When it comes to brown dwarfs, 'how far?' is a key question

WIND DAILY
Advanced Full Range Engine program envisions hybrid propulsion system paving

NASA tests deep space rocket booster ahead of 2018 mission

ISRO tells aerospace industry to enhance capacity to meet demands

Russia, China to Sign Intellectual Property Deal on Rocket Tech

WIND DAILY
Dutch Radio Antenna to Depart for Moon on Chinese Mission

Chinese Space Garbageman is not a Weapon

China to launch its largest carrier rocket later this year

China committed to peaceful use of outer space

WIND DAILY
Rosetta Finale Set for 30 September

Elite Team to Consider New Approaches to Asteroid Danger

Recent Hydrothermal Activity May Explain Ceres' Brightest Area

Rosetta finale set for 30 September









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.