QUICK NEWS, September 27: CHINA’S LOAN GUARANTEES TO SOLAR; INLAND TX CITY BUYS COAST WIND; SUPERGRID IS A SUPER DEAL
CHINA’S LOAN GUARANTEES TO SOLAR
$41 Billion in Loans awarded by Chinese Banks to Chinese Solar Companies Since 2010
Septemeber 25, 2011 (Mercom Capital Group)
"Loans by state owned Chinese banks to Chinese solar companies in multiple transactions amounted to almost $41 billion since last year. In 2010 the loans amounted to $32.6 billion and year to date in 2011 the loans have amounted to $8.1 billion…"
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"Most active lenders were China Development Bank with about $30.5 billion in loans issued, followed by Bank of China with about $8.8 billion in loans issued. LDK solar has received the largest loan amount so far with $8.9 billion, followed by Jinko solar with 7.6 billion, Suntech with $7.3 billion, Yingli with $5.9 billion, JA Solar with $ 4.4 billion, Trina Solar with $4.4 billion, Hanwa Solar One with $1.9 billion, China Sunergy with $160 million and Daqo New Energy with $154 million."
INLAND TX CITY BUYS COAST WIND
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SUPERGRID IS A SUPER DEAL
U.K. Lawmakers: 'Supergrid' Could Reduce Cost Of Offshore Wind Power By 25%
22 September 2011 (North American Windpower)
"A network connecting the electricity system in the U.K. with that of mainland Europe could reduce the costs of interconnecting offshore wind farms by 25%...
"In addition, the hypothetical ‘supergrid’ could create up to 775,000 jobs across Europe by 2020, the U.K. parliament's Energy and Climate Change Committee [report calculated]…"
The ultimate goal (click to enlarge)
"…[T]he development and construction of such a grid could cost 200 billion euros (approximately $275 billion)…
"Companies including GE, Siemens and National Grid have expressed support for the supergrid concept…"