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Two China New Energy Firms Eye $2 Billion in HK IPOs

China Huaneng Group Corp and Datang Corp, the country’s top power producers, plan to float shares of their renewable energy units in Hong Kong in offerings that could raise over $2 billion, sources close to the deals said on Tuesday, reported Reuters.
The deals are unfolding as China aggressively develops its renewable energy sector and the [...]

AU Says must Replace Western Partners with China

The African Union said on Saturday Africa must turn ever more to China for its development because conditions and checks often stalled the flow of funds from Western nations and the World Bank, reported Friday’s Reuters.
Maxwell Mkwezalamba, the AU’s economic chief, said Africa must end its reliance on Western money.
« We need to diversify our partners [...]

China’s Yuguang Says Kimberley Investment Approved

Yuguang Gold and Lead, a Chinese maker of nonferrous and precious metal products, said on Wednesday that it had won Australian government approval to invest in the country’s Kimberley Metals Ltd, reported Reuters.
Yuguang said in April that it planned to buy a 15 percent stake in Kimberley and would pay A$5 million ($4.4 million) for [...]

Solar Power System

Solar power systems are similar to solar generators in the sense that solar power systems are used to convert solar energy into usable forms of energy such as electricity to be used. Solar power systems utilize solar panels which are commonly made out of silicon to serve as cells which are then used to collect solar energy just the same way that a rechargeable battery is able to store electricity. These solar panels then convert solar energy into electricity which is then distributed within the household for consumption.