In renewable energy, are the Chinese unstoppable?

by / Monday, 27 February 2012 / Published in Smartgrid-CI Blog

Some worrisome news came out the renewable energy front this past week end.

In the US, the State Grid Corp. of China is in talks with AES to buy a 80% stake in the US company Wind business.  The deal would be no less than $1.65B. This first foray of the Chinese Grid Corp. in the US market would give the company control over 1.1MW capacity in one shot. 



http://www.reuters.com/article/2012/02/27/us-aes-chinastategrid-wind-idUSTRE81Q0QL20120227

The Chinese are also active in India where Sunergy is negotiating strategic partnerships with two Indian companies and at the same time, offering to finance two solar projects. In doing so, Sunergy boldly intends to take advantage of the ‘renewable energy certificate’ a mechanism expected to drive capacity addition, and here is where low-cost financing has a role.

The US solar manufacturers are not the only to take the hit of the Chinese ambitions in solar energy. Even the Koreans are giving up.  They are exiting massively the solar market.  What Korean firms exactly are giving up? We are not talking about any start up but about behemoth firms like Samsung,  Hyundai or LG instead.

As a Samsung official puts it: “The solar-cell market is reeling from continued oversupply amid aggressive expansion by Chinese cell manufacturers.” The official continued, “We are evaluating the business on a ‘zero-base.'”  No need to say anymore.

http://www.greentechmedia.com/articles/read/Korean-Exodus-From-the-Solar-Industry/

Who can resist the Chinese in renewable energy?
Are they unstoppable and should we worry about it?

Should the US launch a national renewable strategy initiative?

LEARN MORE ABOUT SMARTGRID-CI HERE http://smartgrid-ci.com/Our_Value_Proposition.html
GET A RISK FREE SUBSCRIPTION HERE: http://smartgrid-ci.com/Subscribe_Now.html
OR ASK US FOR A FREE TRIAL HERE: http://smartgrid-ci.com/Contact.html

Leave a Reply

TOP