China Wind Companies Poised for Green Boost of Historic Proportion

China Wind Companies Poised for Green Boost of Historic Proportion

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wind-turbines-spinning-nrel-credit.jpgChina’s ambitious stimulus package to increase wind power capacity could attract up to $150 billion in investment, and raise its wind power capacity to 100 gigawatts (GW) by 2020, eight times its current level and more than Britain’s entire current power capacity.

The threat of climate change is driving Beijing to take a series of initiatives to restrain the country’s greenhouse gas emissions and move toward renewables.

Analysts expect China’s wind industry to grow at up to 24 percent a year through 2020.

(Read more in Reuters)

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