China is leading the world in the rate of adoption of green technologies and renewable energy production
Denver, CO (PRWEB) June 28, 2010 -
Renewable energy development company Akasha Energy, LLC (Akasha), announced today that it has signed an agreement with EMAX Enterprises Limited of Hong Kong (EMAX) - http://www.emax.hk.] Under the agreement, EMAX will serve as Akasha's exclusive representative for business development in China and will play a leading role in identifying projects in which Akasha can build and operate renewable energy facilities for local governments and utility companies.
"China is leading the world in the rate of adoption of green technologies and renewable energy production," said Andy Lutz, Akasha's Chief Executive Officer. "Our relationship with EMAX will help ensure that Akasha obtains access to this burgeoning market for renewable energy development projects."
Akasha plans to offer Chinese cities and affected utilities power purchase agreements involving a mix of leading edge technologies in wind, solar, and biomass. Where wholly-owned foreign investment is not an option, EMAX will be assisting Akasha in identifying and recruiting qualified joint venture partners. Robert Vernon, co-founder of EMAX, remarked that "Akasha is offering exactly the right solutions to help China achieve significant reductions in its green house gas emissions. We look forward to leveraging our longstanding government relationships to make sure Akasha is afforded the opportunity to invest in China's clean energy future."
AKASHA ENERGY is a renewable energy provider that enters into long-term Power Purchase Agreements (PPA) with commercial, government and utility customers, using best-of-breed renewable power solutions. A Colorado company, Akasha is a joint venture between Center T Advisory Services and Chimney Rock Capital Partners. For more information, visit http://www.akashaenergy.com.
EMAX, a Hong Kong company, specializes in exploiting advanced technology products and processes for use within the China domestic market. Its extraordinary relationships with Chinese officials and industry leaders give it unique access to decision makers willing to adopt the latest technologies in order to address critical national problems. EMAX offers its clients a range of China-based services from product sourcing and manufacture to government relations management. For more information, visit http://www.emax.hk.