Welwind Energy International Corp.(fka WWEI)

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May 1, 2009 -- China to Focus on Renewable Energy
Today, renewable sources produce just eight percent of China's total energy. But Beijing aims to increase that to 15 percent by 2020. In comparison, the United States hopes to generate 10 percent of its energy from renewable sources by 2012.
The roots of China's push for renewable energy are in a 2005 law that gives incentives such as fixed rate tariffs and carbon credits to renewable-energy companies. The law also makes clear that provinces are expected to meet new clean energy guidelines.
Chris Flavin is the president of the Worldwatch Institute, a U.S. environmental group. He says the law works thanks to China's entrepreneurs and a government that is making the move to clean energy a priority. "The Chinese government, I guess in part of the fact that it does not have some of the kind of democratic complexities that Western countries do, is able to do things quicker and without the kind of resistance from narrow economic interests that might make it more difficult," said Flavin.
Wind and nuclear power are getting a boost from China's almost $600 billion economic stimulus plan, which promises to help with grid infrastructure and nuclear development.
As China continues to build its renewable energy capacity, the world's most populous nation is emphasizing that clean energy is not a luxury but a necessity for its survival. Renewables will help reduce pollution in the long term, quelling Beijing's concerns about social unrest over pollution-related illness. China also needs clean energy to increase its role on the global stage - a lack of natural resources make clean energy the only possibility for China to achieve energy independence.
http://www.voanews.com/english/2009-05-01-voa34.cfm


May 4 (Xinhua) -- China plans to finish 100 gigawatts of wind power capacity by 2020 and expand its renewable energy consumption to 40 percent of the energy market by 2050. The goal for wind power capacity was more than three times of the 30 gigawatts target that the government set 18 months ago, Monday`s China Daily reported. China will also become the biggest growth market for wind power generating capacity this year, ahead of the United States, said the report, citing a forecast from the Global Wind Energy Council (GWEC).
The World Wind Energy Report 2008 had predicted that Asia, under China`s lead, will "become the worldwide locomotive for the wind industry" and "Chinese wind turbine manufacturers will be among the top international suppliers".
http://news.xinhuanet.com/english/2009-05/04/content_11308825.htm
http://en.sxcoal.com/NewsDetail.aspx?cateID=176&id=21891


May 4 (Bloomberg) -- China, the world’s second-biggest energy consumer, plans to shut small-scale oil refineries and outdated metal smelters by 2011 to boost efficiency and lower pollution.
China became the world’s biggest emitter of greenhouse gases from burning oil, coal and natural gas in 2006, followed by the U.S., Russia, India and Japan, according to U.S. Department of Energy data on Bloomberg. China, India and South Africa said industrialized nations should contribute at least $200 billion a year to help them fight global warming.
http://www.bloomberg.com/apps/news?pid=20601130&sid=aBvgDFdfZaSo&refer=environment


May 1, 2009 -- Chinese state thinktank researchers will soon issue preliminary proposals for a carbon tax that may one day become part of the government's efforts to tame growing greenhouse gas emissions.
China is mankind's biggest source of CO2, the main greenhouse gas, and produces about 80 percent of its electricity from coal-fired power stations, and is also the world's largest producer of power from coal. Other governments have been pressing Beijing to sign up to targets for controlling and eventually cutting carbon dioxide emissions as part of a new global climate pact that negotiators hope to seal by the end of the year. But Beijing says it and other developing countries should not be forced to accept mandatory emissions caps to solve a global warming problem caused by developed countries.
China's 1.3 billion people produce about 4 metric tons of greenhouse gases per head, compared with the U.S. average of about 20 metric tons per person. China has introduced a tax on oil products and reformed pricing rules for such products to better reflect market forces.
But Jiang Kejun, director of the Energy Research Institute, a leading Chinese policy thinktank, said a carbon tax would not entirely replace the fuel tax. "The fuel tax is to save energy and reduce (pollution) emissions, but the goal of introducing a carbon tax would be to reduce carbon (emissions)," the report cited him as saying.
http://www.reuters.com/article/environmentNews/idUSTRE5401CN20090501


May 1, 2009 -- Chinese company to finance $300 million in U.S. wind farms
Private U.S. company Tang Energy Group said on Friday a Chinese company has agreed to provide $300 million in financing for its wind power projects.
"It's very helpful for us in this time of tight credit," said Patrick Jenevein, president of Tang. He said the financing was a "huge boost" that would help the company build some 200 to 250 megawatts of wind power capacity, enough to power about 75,000 homes with electricity.
The CATIC International Trade and Economic Development Ltd, a subsidiary of the state-owned industrial group the China Aviation Industry Corp, agreed to provide the financing to Dallas-based Tang.
Jenevein said the turbines financed by the agreement will be built of materials that are at least 40 percent U.S.-made. The towers and blades are likely to be U.S.-made while the cells of the turbine are likely to be made in China.
http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE54106Z20090502


May 2, 2009 -- CanWEA applauds new processes to procure wind energy in Quebec and revised pricing for community and First Nations wind energy projects Wind energy represents a major industrial development and economic stimulus opportunity for Canada.
Between now and 2020 it is estimated that $1 trillion will be invested in new wind energy facilities worldwide and that more than 1.75 million jobs will be created in this rapidly growing industry. This recent RFP well positions Quebec to capture a growing share of these economic, environmental and social benefits.
CanWEA's Wind Vision 2025 - Powering Canada's Future, argues that Canada has the potential to make wind energy the country's next great economic opportunity, while also reducing greenhouse gas emissions and addressing other environmental concerns. Achieving the goal of providing 20 per cent of the country's electricity needs with wind energy by the year 2025 will result in $79 billion in new investment, the creation of up to 52,000 new "green collar" jobs, and more than $165 million in new revenues for municipalities, many in rural areas hit hard by traditional resource declines.
http://www.newswire.ca/en/releases/archive/May2009/01/c7564.html


May 1, 2009 -- Investors See Bright Future in Wind Energy
Investors looking to put their cash into an area that's seen tremendous growth might look to wind energy, said Ron Pernick, a spokesman for Clean Edge Inc. Wind has jumped ahead of other green energy sources because innovations in turbine technology (think: windmills) have improved the efficiency and made systems the most cost effective alternative. Turbines can generate electricity with wind speeds starting at 8 to 16 miles per hour according to the U.S. Department of Energy.
Turbines are typically built in groups on wind farms where the wind is the strongest. The largest U.S. wind farm is near Abilene, Texas, with 421 turbines scattered across 47,000 acres. ''Of all renewable energy sectors, this is the one reaching the largest scale right now,'' Pernick said.
Another reason wind surged to the forefront is because many states passed standards that require that a percentage of the state's electricity to be made from renewable energy sources. California, Iowa, Oregon and Texas are among those with such goals. That pushes utility companies such as AES Corp, Alliant Energy and MidAmerican Energy to invest in wind farm ownership or at least buy a portion of their energy from wind providers to meet the minimum green energy requirements.
http://www.nytimes.com/aponline/2009/05/01/business/AP-US-Green-Investing-Wind.html


Report: Wind could supply enough power to meet US electricity needs
http://www.guardian.co.uk/environment/2009/apr/02/interior-department-environment-wind-energy




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