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Poster Markle keeps reviving the same old cut-and-paste about how China is building "one clean modern coal-burning power plant per month." Of course, this assertion is hardly true. The Chinese are trying to become world leaders in the renewable energy field. Here is what they are doing (please note, I am pulling a Markle and mostly cutting and pasting from an article for the rest of this):
This is one of their new solar-electric power stations in the Gobi Desert. It is still under construction, but to clarify just how big this is, when completed, it will measure 10 square miles and produce enough electricity to power around one million homes. Of course, it’s no secret that China is in a mad dash to integrate a massive amount of renewable energy.
There are a couple of reasons for this...
First, China is choking on its own progress.
Building an industrial powerhouse doesn’t come without side effects. History has proven this time and time again.
From the Great Smog of UK’s industrial revolution (where cows actually choked to death) to the waters of Ohio’s Cuyahoga River, which caught fire in 1969, growth, when pursued in an irresponsible manner, can really foul things up.
We’re seeing this today in China, where the air pollution is so bad that scientists say it resembles a nuclear winter. Photosynthesis in plants has actually slowed.
Another reason China has been so aggressive on the solar front is because the country's entire solar industry has been shouldered by the government.
Without significant state support — in the forms of mandates and massive cash infusions — it’s likely that nearly every solar company in China today would be floating downstream in the industrial waste- and sewage-filled waters of the Yellow River.
Read more here:
http://www.energyandcapital.com/articles/investing-in-sunedison-nyse-sune/5013
It may just be time for the Z-man to buy some more solar stocks. I already have a few shares of two.
This is one of their new solar-electric power stations in the Gobi Desert. It is still under construction, but to clarify just how big this is, when completed, it will measure 10 square miles and produce enough electricity to power around one million homes. Of course, it’s no secret that China is in a mad dash to integrate a massive amount of renewable energy.
There are a couple of reasons for this...
First, China is choking on its own progress.
Building an industrial powerhouse doesn’t come without side effects. History has proven this time and time again.
From the Great Smog of UK’s industrial revolution (where cows actually choked to death) to the waters of Ohio’s Cuyahoga River, which caught fire in 1969, growth, when pursued in an irresponsible manner, can really foul things up.
We’re seeing this today in China, where the air pollution is so bad that scientists say it resembles a nuclear winter. Photosynthesis in plants has actually slowed.
Another reason China has been so aggressive on the solar front is because the country's entire solar industry has been shouldered by the government.
Without significant state support — in the forms of mandates and massive cash infusions — it’s likely that nearly every solar company in China today would be floating downstream in the industrial waste- and sewage-filled waters of the Yellow River.
Read more here:
http://www.energyandcapital.com/articles/investing-in-sunedison-nyse-sune/5013
It may just be time for the Z-man to buy some more solar stocks. I already have a few shares of two.
