The China Renewable Energy Entrepreneur Club, initiated by World Wildlife Fund, officially announced its establishment at the Renewable Energy and Low-Carbon Economy Forum recently held by the WWF and the Energy Research Institute of the National Development and Reform Commission.

The club will promote the application of renewable energy, lobby for related incentive policies, encourage technological progress, and foster the market environment of healthy competition and development through effective operations and management.

Leaders of 11 renewable energy companies, including Himin Solar Energy Group, Suntech Power, Vestas Wind Systems A/S, and Linuo Group, have been nominated the founding members of the club. The club is planning to attract large-scale equipment manufacturers and developers in the renewable energy sector by encouraging their presidents or other high level management to join the club, individually or representing their companies.

China's renewable energy industry is developing rapidly. In 2007, the total investment inn renewable energy programs in China reached USD12 billion, ranking in second place globally. The establishment of the club is expected to promote the continued and rapid development of the renewable energy sector and make contributions to dealing with global climate change.