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China - Going for Renewable Energy Gold
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Here is CNBC:
By now, everybody knows Beijing’s ‘Green’ Olympics are going to be one of the most smog-ridden Games ever.
But that irony – the harvest of two decades of breakneck economic growth – offers tremendous opportunities for clean technology suppliers, where American firms excel.
There are also substantial - and growing - opportunities for investors looking to tap into the dynamic, and far larger, domestic China clean tech sector.
And Suzy Khimm at The Vine, which is The New Republic's environment and energy blog:
I don't think that America needs any more of an insecurity complex about China than it already has. But the supersonic rise of China's wind and solar industries should be proof enough that a renewable energy economy can drive both growth and sustainability.
Private capital or government subsidies alone won't cut it: it will take both cleantech corporate tycoons and politicians who are willing to provide the start-up capital and infrastructure for a fledging industry.
Either party alone won't be able to the implement the technology at the speed and scale that America's renewable energy industry needs--to make any significant environmental impact, or to be competitive in a global economy. Even if we cut back on foreign oil, are we going to be importing Chinese solar panels instead?
At the Wall Street Journal's Environmental Capital blog, Keith Jackson cites a forthcoming report from The Climate Group and writes:
China has installed more renewable energy than any other country in the world, the report says. And in clean-tech sectors from solar power to wind, China is poised to become a global leader in the next year or two. The report says China is the world’s second-biggest maker of solar panels, and that China will become the world’s biggest exporter of wind turbines next year, when it didn't make either of those things a few years ago.
Here are five Chinese green stocks I have already featured:
China Clean Energy owns Fujian Zhongde Technology, a specialty chemicals refiner that is moving strongly into biodiesel production for the Chinese market. It expects to launch production at its new 100,000-ton biodiesel plant in Jiangyin late in 2008.
Gushan Environmental Energy is China’s leading biodiesel producer, based mainly on vegetable oil offal and used cooking oil. It expects to boost annual production from 240,000 tons to 400,000 tons by the end of 2008.
JA Solar Holdings develops, manufactures and sells solar photovoltaic products to customers around the world. Its strengths include its ties to the JingLong Group, the world's largest mono-crystalline silicon manufacturer.
Suntech Power Holdings is the world’s largest solar module manufacturer, with sales offices worldwide. It designs, develops, manufactures and markets a wide variety of solar products for residential, commercial, industrial and public utility sectors.
Welwind Energy International is building wind farms at Yangxi and Zhanjiang in Guangdong Province. It expects a total investment of $1.2 billion and the construction of 600 turbines.
August 2nd, 2008
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