The drop in global oil prices should not affect the spending plans of oil-producing countries in the Middle East.» Read More
The country has become the world leader in wind power development, currently supplying an estimated one-fourth of all wind energy injected into the grid worldwide, according to the new China Wind Market Quarterly report by GTM Research and Azure International. Furthermore, according to Azure forecasts, China's installed wind capacity will increase from a predicted 80 gigawatts by the end of 2012 to roughly 150 gigawatts by the end of 2015, significantly exceeding the wind target set by China's 12th Five-Year Plan. FIGURE: Wind Forecast by Province in 2015 However, the sector faces some immense challenges, from ongoing problems with grid connection, ever-growing amounts of curtailed wind generation, new restrictions from State Grid on who can connect, and, perhaps most importantly, uncertainty about whether policymakers will do as they have done in the past to ensure the sector continues its rapid growth.
Shipments were 418 MW, above the high end of the Company's previous guidance of 370 MW, and flat from the 418 MW shipped in the second quarter of 2012 Net revenue wa s RMB 1.6 billion, a decrease of 9.2% from RMB 1.8 billion in the second quarter of 2012 Gross margin was negative 5.9%, compared with positive 4.8% in the second quarter of 2012. Excluding an inventory provision of RMB 51.4 million and a reversal of prior provisions for anti-dumping and countervailing duties in the United States of RMB 15.8 million, gross margin would have been negative 3.7% Operating loss was RMB 631.3 million, compared with operating loss of RMB 155.9 million in the second quarter of 2012. Excluding a long-lived asset impairment of RMB 250.7 million and a prepayment impairment of RMB 75.2 million, operating loss would have been RMB 305.4 million Net loss was RMB 371.4 million, compared with net loss of RMB 457.8 million in the second quarter of 2012. Loss per diluted ADS was RMB 1.91, compared with loss per diluted ADS of RMB 2.34 in the second quarter of 2012 Operating cash flow was positive RMB 545.3 million, compared with negative RMB 254.0 million in the second quarter of 2012 Cash and cash e quivalents at the end of the quarter were
Microsoft's Data Center Research Project in Cheyenne, Wyoming to be powered by fuel cell power plant Renewable biogas to be used to generate carbon neutral electricity that is virtually free of pollutants.
SSE will utilize AMSC's D-VAR reactive compensation and voltage control systems to enhance the electricity grid in the Western Isles of Scotland near the future wind farms at Stornoway and Loch Carnan. AMSC's D-VAR solution includes installation and ongoing maintenance and support for SSE.
Get the best of CNBC in your inbox