Wednesday, March 30, 2011

China Is Winning The Clean Energy Race

You read that title correctly. China is winning, and no, I'm not defining winning the say way as Charlie Sheen.

Charlie Sheen... what a douche.
I won't bore you with the details (which you can find over at, but here is the important part of the story:
China's national action plan is helping the country use more hydro, wind, and solar power. The country has goals of 150 gigawatts of wind capacity by 2020 (it looks like they're going to meet this goal five years early) and 20 gigawatts of solar by 2020. For comparision, the U.S. currently has .6 gigawatts of solar and 33 gigawatts of wind.
It all comes down to national policy, and right now China has made it clear to investors that they want alternative energy as a large part of their infrastructure's future. America on the other hand is only in 3rd place, but is constantly sending mixed signals on how much investment they really want making it difficult for investors to jump on board.

The good news is that the industry in general is trending upwards, I just wish that America would quit playing games with my heart*.

*Sorry, couldn't resist a Backstreet Boys reference.

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