Lobbyist pressure will not weigh on a U.N. panel's decision whether to award carbon finance worth about 100 million euros ($144 million) to Chinese wind power projects, said the chair of the panel on Tuesday.

"If you add it all up there are quite a number of projects, all from China," Lex de Jonge told the Reuters Global Climate and Alternative Energy Summit, on a ruling due this week.

First Solar Inc said on Tuesday it plans to build the world's largest solar plant in China in the first major foray by a U.S. company into the Asian nation's fast growing alternative energy sector.

Hemas Power, a subsidiary of Hemas Holdings PLC, announced an Initial Public Offering for 31.3 million ordinary shares which will be listed in the Colombo Stock Exchange hoping to raise between Rs. 532 million and Rs. 626 million to fund projects in non-conventional renewable energy generation.

Energy-starved India, armed with permission to buy atomic fuel from around the world after the end of a three-decade ban, is courting new partners alongside old friends in its global hunt for uranium.

Japanese oil refiner Showa Shell Sekiyu KK said it will invest $1.1 billion to build a new thin-film solar cell plant, as it chases First Solar in a growing market.

Showa Shell's 100 billion yen plant -- its third solar cell facility -- will boost its annual production capacity twelve-fold to 980 megawatts when it comes onstream in the second half of 2011.

The Western Provincial Council (WPC) is planning to use wind power to illuminate Colombo city in association with Concurrent (India) Infrastructure Ltd an Indian based private company, while there is another plan in the pipeline to use wind power for the streetlamps islandwide.

A Chinese state-run company, Shenhua Group Corporation, which had rolled back its plan in 2006, is likely to invest $1.5 billion for setting up 1,000 Megawatts coal-fired plants, it is reliably learnt.

The Sindh government had started re-establishing contacts with the Chinese firm and was giving assurances that no hindrance would be put in place in the project, sources told Business Recorder.

California solar company Solyndra Inc said on Friday that it started construction on its second solar panel manufacturing plant, putting into action the first loan guarantee awarded under a long-delayed U.S. program for advanced clean energy.

A high profile Indian delegation is due in Sri Lanka at the end of this month to strike the historic deal to begin the construction of Indo-Sri Lanka Electricity Interconnection project. Under this project the country will receive electricity of 500 mega watts (MW) initially.

Sri Lanka government yesterday said that India is likely to share its nuclear technology with Sri Lanka for power generation using thorium as the main source of energy.