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May 26, 2013 -- Updated December 10, 2012 10:06 HKT

China is #1 in the world for wind power, hydropower capacity


paul@livetradingnews.com
Posted on: Dec 10th, 2012

China is #1 in the world for wind power, hydropower capacity

China’s installed capacities for wind power and hydropower have grown to the world’s largest, said Liu Zhenya, President of the China Electricity Council CEC Sunday.

Liu said at a power industry summit that China’s installed wind power capacity expanded rapidly in the past decade, recording a yearly growth of more than 60 percent. Its cumulative total, now 118 times more than that of 10 yrs ago, secured the country’s position as the world’s top wind energy provider, Liu said.

Liu also said that China, now the world’s leader in both wind power and hydropower capacity, witnessed soaring growth in other clean energy sectors in the same period. Its solar photovoltaic power capacity surged by more than 50% each year.

Liu the general manager of the country’s largest grid operator said China will continue to optimize its energy structure by tapping new energy sources, in a bid to secure future energy supply.

CEC also advised at the summit that China should construct a strong and smart power grid to back up the development of clean energy in the country, as well as building a market mechanism to help new energy sectors boom.

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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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