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Chinese Direct Investment in the U.S. Energy Economy Sources

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Chinese Direct Investment in the U.S. Energy Economy Sources Chinese Direct Investment in the U.S. Energy Economy Sources By Melanie Hart and Angela Luh July 30, 2015 China National Offshore Oil Corporation China National Offshore Oil Corporation (Statoil) (El Segundo, California) Rigzone, “Statoil-CNOOC Deal Opens U.S. Gulf to Chinese Russel Gold, Matt Pottinger, and Dennis K. Berman, “China’s Oil Cos,” November 4, 2009, available at http://www. Cnooc Lobs In Rival Bid To Acquire Unocal,” The Wall Street rigzone.com/news/oil_gas/a/82108/StatoilCNOOC_ Journal, June 23, 2005, available at http://www.wsj.com/ Deal_Opens_US_Gulf_to_Chinese_Oil_Cos#sthash. articles/SB111946772267766700; Loretta Ng and Wing-Gar K5uXmIsJ.dpuf; Cyrus Sanati, “Statoil Sells US Oil Interest Cheng, “CNOOC’s Unocal Bid Hits Roadblock, House Seeks to Chinese Company,” The New York Times, November Review (Update 2),” Bloomberg, July 1, 2005, available at http:// 4, 2009, http://dealbook.nytimes.com/2009/11/04/ www.bloomberg.com/apps/news?pid=newsarchive&sid=a9YJL statoil-sells-us-oil-interest-to-chinese-company/. DELUvkg; Loretta Ng and Wing-Gar Cheng, “Cnooc Drops $18.5 Bln Unocal Bid Amid U.S. Opposition (Update9),” Bloomberg, Chinese Academy of Sciences (Port Westward) August 2, 2005, available at http://www.bloomberg.com/apps/ NW Innovation Works, “Port Westward: Project Overview,” news?pid=newsarchive&sid=ajw_HHJkvuE4. available at http://nwinnovationworks.com/port-westward/ (last accessed July 2015); Columbia County Economic Team, Wanxiang America Inc. (Rockford manufacturing plant) “NW Innovation Works FAQ: Questions Regarding the Proposed Alex Gary, “Wanxiang plant could make Rockford a leader in Methanol Plant at Port Westword,” available at http://www. solar power,” Rockford Register Star, August 18, 2010, available columbiacountyoregon.com/blog/2014/2/5/nw-innovation- at http://www.rrstar.com/article/20100818/NEWS/308189883; works-faq.html (last accessed July 2015); Courtney Vaughn, Wanxiang America Corporation, “Illinois Governor Quinn “Methanol plant idea sparks concern,” The Portland Tribune, announces $2 million incentive for Wanxiang Solar Panel October 3, 2014, available at http://portlandtribune.com/ Facility in Rockford,” Press release, March 23, 2009, available at sl/235905-101306-methanol-plant-idea-sparks-concern. http://www.wanxiang.com/press_release3.html. China National Offshore Oil Corporation GCL-Poly Energy Holdings Ltd. (University of San Diego) (Eagle Ford, Texas) Onell R. Soto, “Firm to build solar systems at schools, starting Oil and Gas Financial Journal, “CNOOC, Chesapeake Close Eagle at USD,” The San Diego Union-Tribune, June 24, 2010, available Ford Shale Deal,” November 16, 2010, available at http://www. at http://www.sandiegouniontribune.com/news/2010/jun/24/ ogfj.com/articles/2010/11/cnooc_-chesapeake.html. firm-build-solar-systems-schools-starting-usd/; EnergyTrend PV, “Wells Fargo Finances Six Solar Power Projects Completed by Bureau of Geophysical Prospecting Inc. GCL-Poly,” February 8, 2011, available at http://pv.energytrend. (Houston, Texas) com/news/Poly_solar_20110208.html. INOVA, “Leadership and Our Owners,” available at http:// www.inovageo.com/about-us/leadership.html (last accessed Chinese Academy of Sciences (Port of Kalama) July 2015); PR Newswire, “ION and BGP Announce Successful NW Innovation Works, “Port of Kalama: Project Overview,” Completion of Land Seismic Joint Venture,” Press release, March available at http://nwinnovationworks.com/port-of-kalama/ 29, 2010, available at http://www.prnewswire.com/news- (last accessed July 2015); Marissa Luck, “Northwest Innovation releases/ion-and-bgp-announce-successful-completion-of- Works moving headquarters to Port of Kalama,” Longview Daily land-seismic-joint-venture-89379017.html. News, January 29, 2015, available at http://tdn.com/news/local/ northwest-innovation-works-moving-headquarters-to-port-of- kalama/article_f538ac4e-a83e-11e4-be50-bfcde84d5019.html. 1 Center for American Progress | Chinese Direct Investment in the U.S. Energy Economy: Sources Shanghai Zhenhua Heavy Industries Company GCL-Poly Energy Holdings Ltd. (Houston, Texas) (San Diego Unified School District) Marine Log, “Chinese buyer swoops in on Friede Goldman,” Syanne Olson, “GCL-Poly and Amsolar commence construction August 10, 2010, available at http://www.marinelog.com/ of 5MW solar project for San Diego school district,” PV Tech, May DOCS/NEWSMMIX/2010aug00106.html; Zhong Nan and 16, 2011, available at http://www.pv-tech.org/news/gcl_poly_ Wang Ying, “Buoyed by bargains,” China Daily Europe, and_amsolar_commence_construction_of_5mw_solar_proj- February 17, 2012, available at http://europe.chinadaily. ect_for_san_die; AZO Cleantech, “AMSOLAR Associates with com.cn/epaper/2012-02/17/content_14632094.htm; China GCL Solar for San Diego Unified School Project,” December Communications Construction Company, “Introduction,” avail- 8, 2010, available at http://www.azocleantech.com/news. able at http://en.ccccltd.cn/aboutcompany/introduction/ (last aspx?newsID=13348. accessed July 2015). ENN Solar Energy Company Ltd. Huaneng Power International Inc. (East Brunswick, New Jersey) (Burlington, Massachusetts) Syanne Olson, “ENN Solar, NERC develop, build 4.3MW PV InterGen, “China Huaneng Group Completes Acquisition of power plant on New Jersey landfill,” PV Tech, November 28, 50% Stake in InterGen,” Press release, April 11, 2011, available 2011, available at http://www.pv-tech.org/news/enn_solar_ at http://www.intergen.com/china-huaneng-group-com- nerc_develop_build_4.3mw_pv_power_plant_on_new_jer- pletes-acquisition-of-50-stake-in-intergen/; Cathy Kit Ching sey_landfill. Chan, “Huaneng Said to Buy InterGen Stake for $1.2 Billion,” Bloomberg, November 26, 2010, available at http://www. GCL-Poly Energy Holdings Ltd. (Lancaster, California) bloomberg.com/news/articles/2010-08-17/china-huaneng- Business Wire, “Wells Fargo Finances Six Solar Power said-to-be-in-talks-to-buy-50-of-intergen-for-1-2-billion. Projects Completed by GCL-Poly,” Press release, February 4, 2011, available at http://www.businesswire.com/news/ A-Power Energy Generation Systems Ltd. home/20110204005185/en/Wells-Fargo-Finances-Solar- (Lincoln County, Nevada) Power-Projects-Completed#.VblBtPlK-FV; TrinaSolar, PR Newswire, “A-Power Energy Generation Systems, Ltd and “Antelope Valley Union High School District” (2011), avail- Lincoln County, Nevada Agree to Jointly Fund Feasibility able at http://www.trinasolar.com/HtmlData/downloads/us/ Study for Pinyon-Juniper Biomass Fueled Electric Generation casestudy_Antelope_Valley_US.pdf. Plant,” Press release, September 13, 2010, available at http:// www.prnewswire.com/news-releases/a-power-energy- Shenyang Power Group (West Texas) generation-systems-ltd-and-lincoln-county-nevada-agree- PR Newswire, “Shenyang Power, US-REG and Cielo Wind Sign to-jointly-fund-feasibility-study-for-pinyon-juniper-biomass- Definitive Agreement for 600 MW Texas Wind Farm Project,” fueled-electric-generation-plant-102767879.html; The Beck Press release, December 16, 2009, available at http://www. Group, “Biomass Heat and Power Feasibility Study” (2011), prnewswire.com/news-releases/shenyang-power-us-reg- available at http://www.lcrda.com/images/Documents/ and-cielo-wind-sign-definitive-agreement-for-600-mw- LincolnCountyNVBiomassFeasibilityStudyFinalReport4-28-11.pdf. texas-wind-farm-project-79446587.html; PR Newswire, “The U.S. Renewable Energy Group & A-Power Energy Generation China National Offshore Oil Corporation Systems, Ltd. Announce Plans To Build a Wind Energy (Northeast Colorado, Southeast Wyoming) Turbine Production and Assembly Plant in the United States,” Jim Polson, “Cnooc Pays $570 Million for Chesapeake Press release, November 16, 2009, available at http://www. Shale Stake,” Bloomberg, January 31, 2011, available at prnewswire.com/news-releases/the-us-renewable-energy- http://www.bloomberg.com/news/articles/2011-01-31/ group--a-power-energy-generation-systems-ltd-announce- cnooc-pays-570-million-for-stake-in-chesapeake-u-s-shale-play. plans-to-build-a-wind-energy-turbine-production-and-assem- bly-plant-in-the-united-states-70244717.html. Jiangsu Zongyi Company Ltd. (Tinton Falls, New Jersey) Bloomberg, “Company Overview of Effisolar Energy Corporation, Licenses and Rights for 19MW Photovoltaic Power Station Project,” available at http://www.bloomberg.com/ research/stocks/private/snapshot.asp?privcapId=134189414 (last accessed July 2015); Christopher Sheldon, “Tinton Falls Solar Farm, Largest in State, To Open Next Month,” Long Branch-Eatontown Patch, September 25, 2012, available at http://patch.com/new-jersey/longbranch/ tinton-falls-solar-farm-largest-in-state-to-open-next-month. 2 Center for American Progress | Chinese Direct Investment in the U.S. Energy Economy: Sources SPI Solar and China Development Bank Sany Electric Co. Ltd. (Ralls, Texas) (Branchburg, New Jersey) Ros Davidson, “China’s Sany Electric completes first US wind KDC Solar, “KDC Solar and Lilly Commence Commercial project,” Wind Power Monthly, August 2, 2011, available at Operations on 9.95-Megawatt Solar Panel System,” Press http://www.windpowermonthly.com/article/1082983/ release, June 4, 2014, available at http://www.kdcsolar. chinas-sany-electric-completes-first-us-wind-project; Sany com/20140604_BranchburgOperational.html; LDK Solar, “LDK Group, “Sany Electric First Overseas Wind Turbine Project Starts Solar Provides Update on Development Bank Financing,” Press Operation,” Press release, August 18, 2011, available at http:// release, January 4, 2012, available at http://www.ldksolar.
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