making money off of the wind

[donsu]

http://www.atimes.com/atimes/China_Business/JB07Cb01.html


India's Suzlon catches wind in China


Forty-meter long, sparkling-white rotor blades lie stacked against each other as far as the eye can see. Icarus himself would have coveted these elegant wings, had he found himself in this 22,500-square-meter site in Tianjin, a port city that serves Beijing, an hour's drive to the northwest.

This substantial facility is in fact the largest manufacturing site run by Indian wind energy major Suzlon, capable of producing wind turbines with an annual capacity of 600 megawatts (MW). The facility, set up with an investment of US$60 million, came on line in April 2007, making it the first investment by an Indian company in China's rapidly expanding energy sector.

India and China are usually associated as competitors in the energy business, particularly for hydrocarbon resources. Given soaring oil prices coupled with the threat of climate change and pollution, the development of renewable energy resources has emerged as a matter of priority for both countries. Thus, as was repeatedly stressed during Indian Prime Minister Manmohan Singh's recent visit to Beijing, renewable energy holds the potential to be an area of collaboration between two of the world's fastest-growing economies.

-snip-

This change in the fortune of China's wind market is the result of a government push for renewable energy, according to Soares.

The demands of China's double-digit economic growth has helped the mainland overtake Japan to become the world's second-largest energy consumer, after the United States. Coal provides around 70% of China's energy, and with pollution a major drain on the economy, Beijing is keen to reduce the share of the fuel in the country's energy mix.

-snip-

During Manmohan's China visit, the Chinese side expressed a strong interest in investing in India's hydro-power sector, an area in which China is a clear world leader. Should collaboration in renewables between the two countries really take off, it could lead to warm winds of change thawing even further the once frosty ties between the neighbors.
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US getting left behind in stem cell research and now left behind in renewable energy

[ladjf]

1. The governance of the U.S. is firmly under the control of criminal

elements. We will continue to decline as long as the crooks are in charge. Wake up America. Quit worrying about fringe issues and start concentrating on doing something about the fact that the Government has been hijacked by criminals.

[donsu]

2. true

nt

[conspirator]

3. I thought this was a thread about the federal reserve n/t