CNY
Could it be that the world’s largest emitter of greenhouse gas is the same country that spends more on green technology than any other country?
Shares of Suzlon Energy Ltd. (BSE: SUZLON.BO), India’s largest wind turbine manufacturer, are trading down two percent today after the company issued a statement denying that Spain’s Gamesa Corporacion Tecnologica, SA (OTC: GCTAF.PK) may buy a majority stake in the company for about $1.9 billion.
Meanwhile, Sinovel Wind Group Co., China’s largest wind turbine manufacturer, announced Tuesday it plans to raise up to $1.4 billion in an initial public offering (IPO) of its shares on the Shangai exchange.
A123 Systems, Inc. (NASDAQ: AONE) shares were down 10 percent in early trading today after reporting disappointing Q3 (ended September 30, 2010) financial results at the market close Tuesday. The quarterly financial results overshadowed the company’s announcement from earlier Tuesday that it will supply lithium-ion cells to SAIC Motor Corp., China’s largest domestic automaker, for use in an electric vehicle.
This is Day 2 of Winner’s Week in which we highlight five clean energy/tech companies whose share price performances significantly outperformed the overall markets and their clean peers during the first half of 2010 and the year from July 1, 2009.
China’s second-largest wind turbine manufacturer plans to raise US$1.2 billion through an initial public offering in Hong Kong.
While Barack Obama tries to nudge the Chinese government toward greater eco-awareness and improved energy policies, the move to alternative energy is already happening at the local level in some parts of China.
Government initiatives are making strides to alter China's fossil fuel dependence with a series of desert projects and new solar goals. In the Gobi Desert, six large-scale projects are being built and in Beijing, the new 2011 solar capacity target was raised to 2GW.
China's economic growth in recent years has come with unintended consequences: a worsening environmental mess that is wrecking havoc on nature and putting its residents at risk.
