TITLE

China to Subsidize Wind Turbines

AUTHOR(S)
Moresco, Justin
PUB. DATE
August 2008
SOURCE
Red Herring;8/26/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reveals the plan of the Chinese government to subsidize wind power equipment makers in an effort to generate 15 percent of its energy needs from renewable sources by 2020. The policy highlights the country's increasing interest in wind as a major source of energy. According to Emerging Energy Research, China had a total of 5.9 gigawatts of installed capacity in 2007. The policy will only allow Chinese majority-owned turbine manufactures that source blades and other components from majority locally owned suppliers to qualify for the subsidy.
ACCESSION #
36670600

 

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