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Saturday, January 30, 2010

China Leading in Green Energy

Known:
  • China has a huge demand for more power plants so they are buying 9X more than the US.
  • The Chinese government is also pushing green energy (10x the investment of the US).
  • Lower cost of manufacturing.
  • Plus rare metals used in the generators.
Therefore:

  • Chinese has become the largest manufacturer of wind turbines in the world.
Results:
  • Great for China
  • Worrisome for the US.
Reference:

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