Alliance established to tap emerging renewables market

Leading new energy companies in China established an alliance on Monday to better integrate resources and tap the global new energy market.

The International Investment Alliance for Renewable Energy, covering China Energy Engineering Investment Corp Ltd, China Gezhouba Group Overseas Investment Co Ltd, JinkoSolar Holding Co Ltd and wind turbine manufacturer Goldwind, was set up under the guidance of the National Development and Reform Commission, the National Energy Administration and the Ministry of Commerce.

It is the first domestic organization that covers investment in, and construction and operation of new energy companies.