in News Departments > New & Noteworthy
print the content item

China Ming Yang Wind Power Group Ltd. has announced that its subsidiary Guangdong Mingyang Wind Power Industry Group Ltd. has entered into a financing framework agreement with Reliance Power Ltd., the largest private-sector power company in India, and China Development Bank Corp. (CDB), a government policy bank wholly owned by China's central government.

Under the agreement, CDB is expected to act as the coordinating bank and the lead potential lender for renewable energy projects in India to be jointly developed by Ming Yang and Reliance Power. The amount, terms and conditions of the financing facilities will be subject to the potential lenders' respective internal approval procedures and further assessment of the projects.

In July, Ming Yang announced that it had signed a memorandum of understanding (MOU) with Reliance Power to co-develop up to 2.5 GW of renewable energy projects in India within three years.

Under the MOU, Ming Yang is expected to provide the engineering, procurement and construction services for the projects, and Reliance Power is expected to play a supporting role in facilitating the projects as well as provide local market support.


IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

Acciona_id1907
WomenofWind_id
JLG_id1900
UEA_id1896
AWEA_id1886
bonfiglioli_id1913