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China is Winning Global Race to Make Clean Energy

pickens (49171) writes | more than 4 years ago

Power 0

Hugh Pickens writes "The NY Times reports that China vaulted past competitors in Denmark, Germany, Spain and the United States last year to become the world’s largest maker of wind turbines, has leapfrogged the West in the last two years to emerge as the world’s largest manufacturer of solar panels, and is pushing equally hard to build nuclear reactors and the most efficient types of coal power plants. These efforts to dominate renewable energy technologies raise the prospect that the West may someday trade its dependence on oil from the Mideast for a reliance on solar panels, wind turbines and other gear manufactured in China. “I do not accept a future where the jobs and industries of tomorrow take root beyond our borders — and I know you don’t either,” said President Obama in his State of the Union address to Congress, yet many Western and Chinese executives expect China to prevail in the energy-technology race. China’s biggest advantage may be its domestic demand for electricity, rising 15 percent a year. To meet demand in the coming decade, China will need to add nearly nine times as much electricity generation capacity as the United States which means Chinese producers will enjoy enormous efficiencies from large-scale production. “Most of the energy equipment will carry a brass plate, ‘Made in China,’ ” says K. K. Chan, the chief executive of Nature Elements Capital."

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