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.
It is no secret China is currently beating the United States in the race to be the global leader of the new energy economy. However, with each passing month the gap between the two nations appears to be growing.
China, the world's burgeoning cleantech powerhouse, mayb be generating more than 26% of its energy from renewable sources by 2030.
China's wind power generation capacity is estimated to reach 150 GW by 2020 and Chinese power producers are wasting no time and sparing little expense to grab a larger piece of the wind market pie.
State-owned energy producer China Resources Power Holdings Company, Ltd has announced plans to make large annual investments in wind power generation.
Chinese clean energy manufacturer, CleanTech Innovations Inc. has announced that it has been approved to be listed on the NASDAQ Stock Market.
Chinese power giant, Huaneng Power International, Inc. (NYSE:HNP) has
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.
