{"id":68754,"date":"2015-02-27T12:17:33","date_gmt":"2015-02-27T17:17:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=68754"},"modified":"2015-02-27T13:37:52","modified_gmt":"2015-02-27T18:37:52","slug":"china-brings-renewable-energy-growth-back","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/02\/china-brings-renewable-energy-growth-back\/","title":{"rendered":"China Brings Renewable Energy Growth Back"},"content":{"rendered":"
February 27, 2015<\/div>
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By WallStreetDaily.com<\/span><\/a> \"Renewable<\/p>\n

By Tim Maverick<\/a>, Commodities Correspondent<\/em><\/p>\n

Renewable energy certainly has been in the headlines lately, thanks to Apple <\/strong>(AAPL<\/a>).<\/p>\n

The tech giant recently signed an $850-million deal to buy power from a new California solar farm owned by First Solar <\/strong>(FSLR<\/a>) for the next 25 years.<\/p>\n

This is just one example of a bigger trend, as the market starts to turn back to renewable energy. For the first time in three years, the industry saw an increase in investing.<\/p>\n

According to Bloomberg New Energy Finance<\/em>, new funds invested into clean energy gained 16% in 2014 to reach $310 billion. The record is still $318 billion, set in 2011, but there was a significant upward trend last year. Overall, the world added about 100 gigawatts of solar- and wind-power capacity in 2014.<\/p>

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The reason for the jump is due mainly to China\u2019s serious attempts to address its pollution problem. The government\u2019s goal is to have 15% of China\u2019s power mix coming from renewable energy sources by 2020.<\/p>\n

Accordingly, the country led the way last year with investments of $89.5 billion (29% of all global renewable energy investment) into renewable energy. That is a rise of 32% from 2013 to a record amount.<\/p>\n

Chinese Means Business<\/h2>\n

China is clearly serious about its energy goals. Last year was the first time this century that domestic coal production fell and output was down by 2.1% to 3.5 billion metric tons.<\/p>\n

The China National Coal Association forecast that in 2015 coal production will drop another 2.5%.<\/p>\n

The Xinhua news agency confirmed assumptions, saying in a report that much of the falloff can be directly linked to two factors: new environmental regulations on the industry by the government and increased investment in clean energy.<\/p>\n

Xinhua went on to report that emissions per unit of GDP fell 4.8%, thanks to China\u2019s soaring investments into renewable energy in 2014, particularly solar and wind.<\/p>\n

It\u2019s Always Sunny and Windy in China?<\/h2>\n

It\u2019s not always sunny in China, but that hasn\u2019t stopped the country from becoming the top market for energy created by solar power and one of the largest for wind-power energy. Three-fourths of the $90 billion that was spent last year went into solar and wind power.<\/p>\n

China is also the top producer of solar panels, accounting for about 75% of the world\u2019s solar manufacturing.<\/p>\n

So it isn\u2019t surprising that 2014\u2019s top solar panel producers were all Chinese. The leader was Trina Solar <\/strong>(TSL<\/a>), followed by Yingli Green Energy <\/strong>(YGE<\/a>), and JinkoSolar <\/strong>(JKS<\/a>). Rounding out the top five are Canadian Solar <\/strong>(CSIQ<\/a>) and Sharp Corporation <\/strong>(SHCAF<\/a>) from Japan.<\/p>\n

On the wind side, China installed more than 50 gigawatts of wind capacity in 2014. This, of course, gave the makers of wind turbines around the world a bump.<\/p>\n

Denmark\u2019s Vestas Wind Systems <\/strong>(VWDRY<\/a>) beat its competitors for the second year in a row for the No. 1 manufacturing spot. It was followed by Siemens <\/strong>(SIEGY<\/a>), GoldWind <\/strong>(XJNGF<\/a>), and General Electric <\/strong>(GE<\/a>).<\/p>\n

Future Still Iffy<\/h2>\n

Despite the good news from 2014, two questions still hang over much of the renewable energy industry.<\/p>\n

One question is whether the industry can survive on its own when government subsidies are removed. The second is overcapacity\u2026<\/p>\n

You see, there is still an estimated 15% more solar panels manufactured than demand would dictate.<\/p>\n

The great hope for the renewable energy industry will continue to lie in the Chinese government, which will likely continue to subsidize movement into renewable energy.<\/p>\n

After all, as Angus McCrone of Bloomberg New Energy Finance<\/em> pointed out, \u201cChina has got the greatest power demand needs, and it also has the imperative of reducing urban pollution.\u201d<\/p>\n

And the chase continues,<\/p>\n

Tim Maverick<\/p>\n

The post China Brings Renewable Energy Growth Back<\/a> appeared first on Wall Street Daily<\/a>.<\/p>\n

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By WallStreetDaily.com By Tim Maverick, Commodities Correspondent Renewable energy certainly has been in the headlines lately, thanks to Apple (AAPL). The tech giant recently signed an $850-million deal to buy power from a new California solar farm owned by First Solar (FSLR) for the next 25 years. This is just one example of a bigger […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-68754","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/68754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=68754"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/68754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=68754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=68754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=68754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}