Posted by: Grant | November 23, 2012

China – NOT

Next time some Greenie or some Government official tries to tell you how China is going Green – get out your tin of Bullshit Repellent

AL FIN ENERGY
China’s Great Green Energy Disaster
Date: 22/11/12
China’s leadership committed about $290 billion to cleantech. Now, the green bubble is about to burst
http://www.thegwpf.org/chinas-great-green-energy-disaster/  http://alfin2300.blogspot.co.uk/2012/11/chinas-great-green-bubble-of-overbuilt.html

” …One-quarter of China’s wind farms are not connected to a power grid—a reflection of poor planning, insufficient transmission lines, and technical concerns by regional utilities that the intermittency of wind power can be disruptive to normal operations.
Wind-related power failures have caused blackouts in three provinces, while exploding equipment has been blamed in the deaths of several workers, according to local press accounts. _BW
http://www.businessweek.com/printer/articles/83486-the-downside-of-chinas-clean-energy-push …”

“Responding to a perceived market for green energy in Europe and North America, China engaged in a massive production build-up of wind turbines and photovoltaic panels.
China was successful in building a vast production capacity of green energy generation. And now, China must face the consequences of its great success.
China’s $30 billion solar power industry is overbuilt and heavily in debt.

The nation’s investments in wind power are faring no better. One-quarter of China’s wind farms are not connected to a power grid—a reflection of poor planning, insufficient transmission lines, and technical concerns by regional utilities that the intermittency of wind power can be disruptive to normal operations.
Wind-related power failures have caused blackouts in three provinces, while exploding equipment has been blamed in the deaths of several workers, according to local press accounts.
China Datang Corporation Renewable Power, a state-owned wind energy developer, saw first-half 2012 profits plunge 76 percent, in part because regional utilities simply don’t have the capacity to accept all the energy it produces.
China’s wind turbine manufacturers, responsible for 40 percent of the world’s output, are suffering a double squeeze, as demand has stalled both at home and abroad.
Sinovel Wind Group, the world’s largest wind turbine maker by market value, posted a $45 million third-quarter loss this year on an 82 percent drop in sales—its largest loss since its initial public offering in January 2011…. “

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Responses

  1. I actually live in China and I am not surprised at all by what you say. Only with the most blatant sarcasm could one say China is going green.


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