Wednesday 8 September 2010

CHINA AND RENEWABLE ENERGY

2point6billion

CHINA TOPS RENEWABLE ENERGY INVESTMENT INDEX

2point6billion, September 8, 2010

China overtook the United States for the first time to claim the sole top spot in Ernst & Young’s quarterly renewable energy country attractiveness index [1], effectively crowning the emerging Asian superpower the world’s most worthwhile market for green technology investment.

The United States had previously topped the index since 2006, but strong government resolve together with good infrastructure and a robust market has aided the Asian nation in its drive to become a global leader in the renewable energy sector.

“We would expect to see China retaining a dominant position,” Ben Warren, Ernst & Young’s environment and energy infrastructure advisory leader, said in a telephone interview with Bloomberg. “China has all the benefits of capital, government will and it’s a massive market.”

In particular, Ernst & Young ranked China as the most attractive market for investment in wind and solar projects in the report. Beijing is planning to launch 90,000 megawatts worth of wind farms by 2015 and is currently looking at developing 13 solar power projects in the country’s western region which will have a combined capacity of some 280 megawatts.

(...) [artículo aquí]

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