China Kicks off Renewable Energy Drive with Wind Farms
Source: Seeking Alpha, Kevin Schulle (8/11/09)
". . .wind energy is reportedly to reach 3% by 2017."
China also set up feed-in tariff for solar farm projects, and will cover 50% of the development cost of any solar farms. So far, the domestic companies will benefit from the policy. U.S. competitors are not eligible for the moment, though the government may extend the support to overseas companies. On the other hand, U.S. commercial rooftop BIPV demand picked up in recently months.
China is apparently the fastest to act in these days. On the weekend, China kicks off its green movement with a 10GW wind farm in western Gansu province. The farm will be designed by 20 developers and will be completed by 2010.
Also according to the government-run media People's Daily report on Monday, Inner Mongolia, Hebei province, northeast China, northwest China and east China coastal regions are focused regions for wind-power base construction. China is planning to build seven 10-gW wind farms.