Cashing in on China’s renewable energy boom – Alison Leung
China is set to spend $200 billion on renewable energy over the next 15 years, and industry players are racing to grab a slice of the action.
That kind of money would buy you an oil firm the size of Chevron (CVX.N: Quote, Profile, Research) and leave change to fund the current renewables programs of all Europe’s top oil firms for 25 years.
So from the arid plains of Xinjiang to the rolling hills of sub-tropical Guangdong, Chinese and foreign firms are erecting 40-storey wind turbines, installing solar panels, and conducting tests on corn for biofuel.
For an overview of China’s energy sector, see the EIA’s 2005 country brief. A list of Chinese-language resources on China’s clean energy efforts is available on the State Environmental Protection Administration (SEPA) website.