Verdant Power

The China Energy Conservation Environment Protection Group (CECEP), China’s leading renewable energy company, and Verdant Power, Inc., the leading U.S. tidal power developer, signed a memorandum of understanding (MOU) to develop tidal energy power projects in China. The MOU is the first of its kind between China and the U.S. involving marine and hydrokinetic power projects. U.S. Department of Commerce Secretary Gary Locke, and U.S. Ambassador to China Jon Huntsman, were on hand to witness the signing. The MOU marked a stop on Secretary Locke’s three-day clean energy trade mission in China. Secretary Locke traveled with several U.S. businesses to focus on opportunities for U.S. renewable energy technology developers in China’s growing energy market.