Schneider Electric SA has agreed to pay $650 million for Leader & Harvest Technologies Holdings Ltd.
The price of solar power in China is expected to drop by 20 percent in the next five years as the country prepares to start large-scale application of the green energy source after 2015.
China Petroleum and Chemical Corp's Shengli Oilfield is expected to generate 20 percent of the company's total output value from the overseas market by the end of 2015.
A senior power expert has urged authorities to narrow the gap in energy usage between peak and off-peak hours by setting different prices, as an addition to the progressive pricing system to be released this year.
China said on Tuesday that it hopes for a "major breakthrough" in gas talks with Russia ahead of a visit next week by President Hu Jintao, who has made securing energy for the world's second-biggest economy a diplomatic priority.
China will likely accelerate reforms of natural resource commodities pricing, according to a new proposal from the National Development and Reform Commission (NDRC), China Securities Journal reported Wednesday.
East China's Jiangsu province exported 22.34 million solar cells in the first four months of this year, a rise of 390 percent on the same period of last year, according to the local customs house.
China's new policy for gas usage could usher in a golden era for a greater role of natural gas in the global energy mix, the International Energy Agency (IEA) said.
China, the world's biggest maker of solar panels, plans to build power projects using the devices in 40 African nations, aiming to cut the continent's reliance on fossil fuels and open a new market for Chinese manufacturers.
China's wind power companies expect to see little impact from the recent news that the country will end industry subsidies because of the investigation launched seven months ago following complaints from US manufacturers.
Cooperation between the natural gas industries of China and Russia is expected to make great progress, Assistant Foreign Minister Cheng Guoping said Tuesday.
China's top economic planner and price regulator, the National Development and Reform Commission (NDRC), has vowed to punish thermal coal producers for raising prices amid the country's current electricity shortage.
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