Bloomberg News

Chinese Province Declares Wind, Rain, Sun State-Owned Resources

June 20, 2012

A northeastern Chinese province classified wind, rain and sunlight as state-owned resources, part of efforts to regulate renewable energy companies.

The new rules in Heilongjiang province, first outlined in a draft published in January, were approved by the regional legislature and go into effect Aug. 1, the Heilongjiang government said today in a statement.

Heilongjiang’s rules are the first in China as national leaders encourage development of solar and wind farms to meet its target to cut emissions by 17 percent per unit of gross domestic product through 2015.

The rules call for developers to obtain licenses from the provincial Development and Reform Commission, the Heilongjiang government said in a draft of the rules in January. Equipment to explore wind and solar energy must be examined by meteorological agencies.

China Longyuan Power Group Corp. (916), the nation’s biggest wind-energy developer, and China Datang Corp. Power Renewable Power Co. (1798) are among companies planning to invest in renewable energy projects in the province.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus