Posted on 08/20/2023 3:53:26 AM PDT by FarCenter
TOKYO -- China is emerging as a dominant player in global wind power generation, with the country's manufacturers supplying nearly 60% of installed capacity worldwide in 2022.
The figures, compiled by the Brussels-based Global Wind Energy Council, signal that China is claiming a commanding share in both the wind power and solar panel markets.
China's Goldwind, the leader in the domestic market, ranked second in the world market with a 13% share, behind Denmark's Vestas with 14%.
Of the top 15 companies worldwide, 10 were Chinese, including fifth-place Envision with a 9% share and sixth-place Mingyang Smart Energy with 7%. In total, China accounts for 56% of installed capacity, more than any other country. Its share has soared from the 37% it held in 2018.
Spain's Siemens Gamesa Renewable Energy ranked third with 10%, falling from the 12% it held in 2018. European companies' overall share fell from 55% in 2018 to 42% in 2022, having been overtaken by China in 2020.
...
And in the U.S., General Electric posted a loss of $773 million in its renewable energy business for the first half of this year.
...
Japan, meanwhile, has been unsuccessful in developing a domestic market, with Mitsubishi Heavy Industries and Hitachi withdrawing from wind turbine manufacturing after losing out on competition with overseas rivals.
(Excerpt) Read more at asia.nikkei.com ...
So how's that green renewable stuff workin' out for ya' Brandon?
Let China take 100% of the wind generation market. No big loss to the rest of the world.
Yep.
There’s no way anything is going to go wrong with Bidenomics.
Green energy, ESG, CRE, printing tons of cash, giving loans to retards, abortion, low birth rates, and fomenting death and destruction…we’re all good.
Oh my, more of follow the money on green energy scams.
They may dominate the manufacturing of turbines, but they use hydrocarbons and hydropower to generate power.
Drivel...... China was
China is now selling real expensive CRAP to the world instead of cheap CRAP
.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.