Blue Green Alliance notes China was the main contributor in new global investment in the clean energy market in the last quarter, largely due to hundreds of millions of dollars in financing of new wind and solar projects.
The 32nd and final 700-megawatt turbine begins operating at China’s Three Gorges Dam as China tries to temper its fossil-fuel appetite.
The skies the limit for the Chinese solar these days and now the country is reported to be investing $900 million in a solar energy park in the Andean country of Chile.
Rare earth metals are an essential component in renewable energy technology and right now China has a monopoly.
Digger deeper, the U.S. Commerce Department finds Chinese solar companies benefited from cheap electricity and other illegal subsidies.
MX Solar USA, one of the companies fighting China’s trade practices, reportedly stops production at its New Jersey plant.
China leads and the U.S., lacking a long-term policy commitment, lags in new cleantech manufacturing rankings from the World Wildlife Fund.