MingYang is the first Chinese Wind Energy Company to list its shares in the American Stock Exchange.There are a number of Chinese Solar Companies like Renesola,Trina Solar,Suntech etc which are traded in the USA but no Wind Energy Plays.In fact the number of Wind Companies trading on US Exchanges is almost non-existent.Clipper and Broadwind are hardly big players in the global market and provide little direct exposure to Wind Energy for US investors.MingYang is issuing 25 million ADS at a range of $14-16 share diluting around 20% of the company and giving it a market cap of roughly around $1750 million.The proceeds will be used in capacity expansion and R&D mostly.MingYang is the only significant non-state owned Chinese Wind Energy Company with a 2009 marketshare of around 4%.The Company has a very short history installing its first Wind Turbine just 2 years ago and has seen an exponential growth riding on the incredible Wind Industry Growth in China.Here are the advantages and disadvantages of the Company.

20 GW of Capacity is expected to be built by 2010 end in China up from around 10 GW in 2009.Fierce Competition in the Wind Turbine Market has led to increasing distress for smaller players.Sinovel the biggest Wind Turbine maker which sold 3.5 GW in 2009 has been using price as a weapon to drive away competitors.These Companies are now trying to expand internationally.Korean Companies like Samsung,Hyundai are investing heavily in the Wind Sector and are on track to become formidable competitors in a few years.Suzlon’s Chinese Dreams looks difficult to implement in reality.

Don’t know how these projects will further the cause of Solar Energy in China as they don’t help in formulating realistic Feed in Tariff Rates for the Government’s New Energy Administration (NEA).China has long been delaying the introduction of a Feed in Tariff (FIT) for Solar Energy.Note many major countries in the world except for China and the USA have Feed in Tariff Programs to promote Solar Energy.In fact 75% of the world’s solar energy installations are dependent on the FIT subsidies.

Japan is the latest country to raise concerns over the Chinese Monopoly over Rare Earth Minerals.These 17 Minerals are essential for High Technology and Green Industries of the Future and China has a control over 97% of the global deposits of these minerals.The EU had recently warned over the adverse effect over the shortage of these rare minerals while USA is contemplating taking China to the WTO over the same matter.China has defended its action saying that mining of these minerals leads to environmental degradation has reduced the export quota drastically by 72% in the 2nd half of 2010 compared to the First Half.Japanese automakers like Honda,Toyota and Nissan have big plans in the Green Vehicle Sector which uses big amounts of these minerals imported from the mainland.However China’s cracking down over illegal exports and tightening control over these rare minerals has sent down tremors in Japan.

Global hopes of an agreement on Carbon Emissions to stop the advance of Global Warming has been put in the Cold Storage.With little consensus and declining support for Climate Change Mitigation,individual countries are picking up the gauntlet on their own.While Cap and Trade Scheme implement under the Kyoto Protocol has come under fire for irregularities […]

The United Nations is reviewing the Carbon Credit Requests from 5 plants in China and their is a high probability of cancellation of these requests.NGOs and activists have alleged that these HFC plants emit more GreenHouse Gases (GHGs) than is required in the normal function of the plants.This leads to increased revenue from neutralizing these gases defeating the entire purpose of the CDM scheme.Carbon Trading has repeatedly been proved to be an inefficient and ineffective scheme,but its popularity continues to increase around the world.The Scheme is suitable for niche purposes and is totally inadequate as a holistic response to the problem of Climate Change