China wind power
Worldwide wind power grew once again in 2011, according to the latest research from the Worldwatch Institute. Unsurprisingly, China was the catalyst behind last year's growth.
After having some of its wind power equipment subsidies disputed by the United States at the World Trade Organization, China has revoked its Special Fund for Wind Power Equipment Manufacturing subsidy.
China, the world's burgeoning cleantech powerhouse, mayb be generating more than 26% of its energy from renewable sources by 2030.
State-owned energy producer China Resources Power Holdings Company, Ltd has announced plans to make large annual investments in wind power generation.
Suzlon Energy (NSE: SUZLON.NS), Asia's largest wind turbine manufacturer, has announced plans to capitalize on China's record-breaking growth in new wind power capacity.
According to the Global Wind Energy Council (GWEC) the world's wind capacity has grown by 40 gigawatts this year despite the financial crisis. The GWEC forecasts installed wind capacity to double between 2010 and 2014.