Subscribe free to our newsletters via your
. Space Industry and Business News .




WIND DAILY
US bars China wind farm deal on security grounds
by Staff Writers
Washington (AFP) Sept 28, 2012


President Barack Obama blocked a Chinese-led group from purchasing several wind farms near a US naval station Friday, saying the acquisition threatened national security.

Obama cited "credible evidence" that the corporation linked to Chinese nationals "might take action that threatens to impair the national security of the United States."

According to US officials, the wind farm sites are all within or near restricted air space at an Oregon naval weapons system training base.

The president's decision requires the Ralls Corporation, which has the Chinese company Sany Group as a subsidiary, and other Chinese nationals to cancel within 90 days their deal.

"The companies, and any persons acting for or on behalf of the companies, including officers, employees and owners, shall cease all access, and will not have any access, to the properties," the order said.

It blocked Ralls's purchase of the Lower Ridge Windfarm, High Plateau Windfarm, Mule Hollow Windfarm and Pine City Windfarm.

Ralls is incorporated in Delaware, but controlled by Chinese citizens through the Sany Group, according to US officials.

"Ralls Corporation is owned by Chinese nationals, and is affiliated with a Chinese construction equipment company that manufactures wind turbines," a US Treasury statement said.

"The wind farm sites are all within or in the vicinity of restricted air space at Naval Weapons Systems Training Facility Boardman in Oregon."

Obama made the decision based on the recommendation of the Committee on Foreign Investment in the United States (CFIUS), a secretive inter-agency panel that reviews foreign acquisitions with a potential impact on national security.

Ralls said in a statement the project posed no security threat.

"We regret President Obama's order today prohibiting a jobs-creating wind farm project in Oregon," company lawyer Tim Xia said in a statement sent to AFP.

"The project poses no national security threat whatsoever, and the president's order offers no explanation otherwise."

The lawyer said the move was "without justification, as scores of other wind turbines already operate in the area where Ralls's project is located" and that the decision "drives our effort to seek redress in US courts."

Earlier this month, Ralls sued CFIUS, claiming the panel had effectively frozen the acquisition without proper authority.

Ralls said in the suit that it was "suffering legal wrong" and that CFIUS "lacks statutory authority" to prohibit the transaction, and should instead propose measures that mitigate any national security risks.

The Treasury statement said the decision to block the deal "demonstrates the administration's commitment to protecting national security while maintaining the United States' longstanding policy on open investment."

It added that the administration "will continue to ensure that the United States remains the most attractive place for businesses to locate, invest, grow and create jobs" and added that it "is not a precedent with regard to any other foreign direct investment from China or any other country."

The CFIUS panel is chaired by the Treasury secretary and includes the heads of the State, Defense, Commerce, Energy and Homeland Security agencies, along with the attorney general, the director of the White House Office of Science and Technology Policy and the US Trade Representative.

The Director of National Intelligence and the secretary of labor participate as non-voting members.

.


Related Links
Wind Energy News at Wind Daily






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








WIND DAILY
Wind power faces tax credit uncertainty
Washington (UPI) Sep 21, 2012
Uncertainty over the U.S. wind tax credit, set to expire at the end of this year, is taking its toll on the country's wind power industry. The tax credit, in existence since 1992, allows project developers or investors to trim tax payments 2.2 cents for every kilowatt-hour of power generated over the first 10 years of a project's life. "It's hard to make those new investments in ... read more


WIND DAILY
Search for element 113 concluded at last

Kodak dumps inkjet printers, more jobs

Sleek new PlayStation 3 model makes US debut

Pigs' revenge as 'Angry Birds' makers launch new game

WIND DAILY
Raytheon to provide Joint Tactical Terminal radios with latest security features to US Navy

Northrop Grumman Awarded Contract to Extend BACN Communications Connectivity to the Tactical Edge

Hughes Awarded Custom SATCOM Solutions Contract by GSA

4 SOPS begins testing newest AEHF satellite

WIND DAILY
California Governor Signs the Spaceflight Liability and Immunity Act

Processing is underway with the next Automated Transfer Vehicle to be orbited by Arianespace

Fueling underway with the Galileo satellites for next Soyuz launch from French Guiana

SpaceX, NASA Target Oct. 7 Launch For Resupply Mission To Space Station

WIND DAILY
Northrop Grumman to Improve Performance of MEMS Inertial Sensors for DARPA

Lockheed Martin Delivers Propulsion Core for the First GPS III Satellite

China launches another 2 navigation system satellites

Improved positioning indoors

WIND DAILY
Brazil to delay jet decision until 2013, no favorite

Poland seeking 70 new military helicopters: PM

US Army Awards Lockheed Martin Apache M-TADS/PNVS Performance Based Logistics Contract

Boeing Receives Contract for 11 P-8A Poseidon Aircraft

WIND DAILY
Oscillating microscopic beads could be key to biolab on a chip

Japan Inc. comes together to save Renesas: report

Optical Waveguide Connects Semiconductor Chips

Single-atom writer a landmark for quantum computing

WIND DAILY
Apple CEO sorry for maps shortcomings

Landslide mapping in the Swiss Alps

China may toughen laws on 'illegal' mapping: state media

Radar altimetry gains altitude in Venice

WIND DAILY
Remarkable enzyme points the way to reducing nitric acid use in industry

Solving the stink from sewers

Measuring mercury levels: Nano-velcro detects water-borne toxic metals

Indonesian lives risked on 'world's most polluted' river




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement