May 04, 2009

China Invests in US Wind Farms

A subsidiary of the former AVIC conglomerate will invest $300 million into Tang Energy, a Dallas based firm with Chinese operations, for wind farms in several states including Texas.
As the agreement was signed today Secretary of State Hillary Clinton opened a two day conference in Washington remarking that climate change is a "central focus" of the Obama administration's foreign policy. Meanwhile at a conference in Beijing it was revealed that China's new goals for wind energy - currently at 12 Gigawatt (GW) capacity - is for 100 GW wind power capacity by 2020. Are we witnessing the beginnings of the alt energy boom in China...?


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