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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (154437)	1/15/2011 11:28:34 AM
From: Sam	Read Replies (1) \| Respond to of 541794

Doesn't the Chinese govt know that it can't pick winners and subsidizing alternative energy technologies is a dead end? China Goes Green in 2011 Government to invest billions of dollars in new technologies January 10, 2011 Kevin Wang China’s effort to promote green technologies will have a major impact on the country’s economy in 2011, as the government invests vast sums in various projects, according to China market research firm iSuppli, now part of IHS Inc. (NYSE: IHS). The government will provide billions of dollars in financial support to help Chinese companies adopt technologies such as light-emitting diodes (LEDs), electric vehicles (EV) and photovoltaics (PV). Furthermore, the central government plans to invest in its Smart Grid project and speed up the construction of its national high-speed rail network. All these initiatives are intended to promote green technology, stimulate the domestic economy and bring business opportunities to all parts of the country. On the Grid The Smart Grid plan alone will generate about $590 million in government investments from 2011 through 2020. This vast power network will facilitate more social economic activities, such as upgrading energy utility efficiency, promoting social energy savings and speeding the development of EVs. To be sure, China is focusing first on upgrading the 500 million electricity meters to smart equipment. Already in 2010, the country upgraded some 70 million meters. The initiative will continue in 2011, as it will save money for the country and consumers alike. Harnessing the Wind and Sun Beyond the Smart Grid, China during the last two years has made a concerted effort to expand both its PV and wind power programs. While good for the environment, wind power also has become a profitable business for China, growing by 40 percent or more for the past five years. iSuppli expects the global wind energy market in China to continue to expand at a Compound Annual Growth Rate (CAGR) of about 25 percent for the next 20 years. More than $900 million in new wind energy business is expected to be created each year until 2013. To date, China’s market capacity for wind power has surpassed that of Spain to become the third largest market worldwide, and expansion of wind power in the country shows no signs of stopping. On the solar side, PV installations in China grew faster than anticipated by the government. In fact, the original target goal of 1.8 gigawatts (GW) by 2010 might understate what the country could have achieved by that year—2009 alone saw 120 megawatts (MW) worth of new solar installations. Growth in the China PV space was due to the country’s Solar Roof and Golden Sun Projects, which continued to be a major boon to the PV industry in 2010. A banner year for solar installations is also predicted for China in 2011, iSuppli forecasts. Read More > China Electronics Supply Chain iSuppli’s unique market research reports help deliver vital information on the status of the entire electronics value chain. iSuppli's extensive China market research provides first hand insights into the China consumer electronics, automotive & semiconductor industry. Contact us on +1.310.524.4007 for more details.