Renewable Energy: China's Domestic and Global Power
Surge
2010 has been a year of newly visible market shares and
influence of Chinese participants in domestic and global
markets for renewable energy. China has fundamentally changed
its domestic trends, and now is substantially influencing
global trends, towards increased installation of a variety of
renewable energy generating products, at ever-lower prices,
with ever-lower manufacturer profitability.
Major China export products include, along with
high-profile wind turbines and solar PV modules, lower profile
compact fluorescent light bulbs and solar water heaters. They
will soon include new products such as white LED (light
emitting diode) lighting products, batteries for automobile
drive trains, and electricity-powered high-speed railway
systems.
While foreign governments and labor movements struggle to
respond to China's conquest of yet another manufacturing
sector, the resulting reduction in global prices for renewable
energy products offers some solace to consumers of these
products, and to other beneficiaries of cleaner air and slower
climate change. This conquest is now under investigation by
the Office of the United States Trade Representative, and may
soon result in another major trade dispute.
The key technical and economic challenges in 2011 and
beyond, for Chinese and foreign governments, companies and
workforces, will be to deploy those products efficiently, and
to determine who will handle the highest value-added services.
Financing, designing, installing, monitoring and maintaining
such products will be the most accessible source of additional
efficiencies, higher profits, and sustainable employment.
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