ENN Affirms Commitment to Tackling Global Climate Issues through Transnational Cooperation

ENN Joins Global Partners at COP17 to Announce Clean-Energy Cooperation Initiatives

Dec 07, 2011, 08:00 ET from ENN Group Co., Ltd.

DURBAN, South Africa, Dec. 7, 2011, /PRNewswire-Asia/ -- ENN, China's leading private clean-energy innovator, spoke Dec. 6th at COP17's "China Pavilion" as one of the main Chinese corporate delegations to the Talks. ENN, alongside partners such as Duke Energy, is using the platform to announce initiatives that call on institutions around the world to join in tackling climate change.

In recognition of ENN's contribution to clean energy and of the importance of the private sector in helping government achieve carbon reduction goals, China's National Development and Reform Commission has invited ENN to join the delegation to Durban for COP17. Accompanying ENN at China Pavilion are key representatives from Duke Energy, Shanghai's Tongji University and Lawrence Livermore National Laboratory.

ENN's decision to send top executives - including Chairman Wang Yusuo - to Durban demonstrates its commitment to global clean-energy development and the importance to the company of strategies being discussed at the Talks. Chairman Wang and his delegation will speak on various topics at China Pavilion including better clean-energy technology exchange, its work over the past years and its view on clean-energy development.

"Technological progress in clean energy will bring benefits that can be shared by everyone," said Chairman Wang Yusuo in Durban during COP17. "Yet information, technology and best practices that can help bring about these benefits are not being shared as well as they could be.

"ENN hopes to cooperate with those that share a similar sense of mission and responsibility. We want to work with these parties to advance technological cooperation in clean energy across nations and to combine forces to address global climate challenges," added Chairman Wang.

"It's not just nations that should come together in their efforts to create clean energy solutions," said Mr. Bill Tyndall, Senior Vice President, Duke Energy. "When private-sector companies like Duke and ENN work together on technology they not only add value for their own businesses; they create benefits to the environment that can be shared by all."

ENN is taking the opportunity of the COP17 talks to outline its pledges to: 1. Increase capital investment in clean-energy research and innovation, encouraging transnational investment to promote new breakthroughs and industrialization; 2. Open up channels for the exchange of ideas, technologies and new information; and 3. Develop international cooperation in clean-energy technology transfer and loosen embargoes on clean-energy technology exports.

These statements follow an announcement in May 2011 from ENN and Duke Energy that the two parties are joining to form an Eco-Partnership with the City of Charlotte, North Carolina, and the Chinese city of Langfang in Hebei province. The Eco-Partnership will focus on cleaner energy generation, smart grid technologies, energy storage and energy-efficiency solutions.

ENN has demonstrated the impact the private sector can have in reigning in climate change and is also using its reception today at China Pavilion to talk about the achievements it and other similar companies have made in this area. During China's 11th Five-year Plan total investment in clean energy from private enterprises totaled 300 billion RMB, with output totaling 700 billion RMB. This accounts for half of the national total in this area.

About ENN
ENN is China's leading private clean-energy innovator. Since its founding 21 years ago ENN has successively transformed to focus beyond natural gas distribution to research and development in sustainable clean energy technologies and services that have a positive impact on the environment and quality of life for people everywhere. ENN has more than 100 subsidiaries in more than 100 cities across China and around the world, and employs more than 27,000 people. ENN has ambitious plans for overseas investments including solar power projects in the United States.

About Duke Energy
Duke Energy is one of the largest electric power holding companies in the United States. Its regulated utility operations serve approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 12 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com

About the China Pavilion
The "China Pavilion" which is being hosted by China's National Development and Reform Commission, is a sideline activity of the COP17 Climate Change Talks in Durban. China Corner will communicate Chinese policy and action in response to climate change and will provide a platform for climate-change exchange between China and other countries.

SOURCE ENN Group Co., Ltd.