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Green Energy Investors Flock to China – TheStreet.com

Green Energy Investors Flock to China
TheStreet.com Jeff St. John 23 Oct 08 In the midst of a worldwide financial crisis, China’s growing demand for energy continues to be an attractive draw for investors. (Don’t miss ”

Several greentech companies this week have announced plans to put money into satisfying fast-growing appetite for renewable energy……………………. The deals were announced a day after Google pledged to give $250,000 to the U.S. National Academies to find ways to link the United States and China — the world’s two largest energy consumers and greenhouse gas emitters — in developing renewable energy policies and technologies………………………China already leads the world in making solar-water heaters, and its list of solar-photovoltaic manufacturers has grown to include heavy hitters such as Suntech Power Holdings (STP Quote – Cramer on STP – Stock Picks), China Sunergy (CSUN Quote – Cramer on CSUN – Stock Picks) and Yingli Green Energy Holding Co……………………..Despite the ongoing global financial crisis, Pernick sees permanence in China’s current renewable energy push, given its people’s increasing concern about environmental problems within the country’s borders and global concerns about the country’s role in curbing greenhouse gas emissions.

Green Energy Investors Flock to China – TheStreet.com

Tags: renewables

October 24, 2008 - Posted by Christina Macpherson | ENERGY