…for China:
Clean tech has seen a boost as the U.S. pours government funding into renewable energy, and China looks set to reap much of the benefits. Latest example: a Chinese wind-turbine company has just become the exclusive supplier for one of the largest wind-farm developments in the U.S.
The Shenyang Power Group has signed on to supply 240 of its massive 2.5-megawatt wind turbines to a 36,000-acre development in West Texas. The Wall Street Journal reports that the wind farm is also slated to receive $1.5 billion in financing from the Export-Import Bank of China.
Why is this happening? Because we’re outsourcing our manufacturing plant. Why are we doing this? Because environmental regulation, NIMBYism and corporate idiocy have combined to make it just much easier for everyone (other than the people and the nation, as a whole, of course). When will we stop doing this? When we get rid of the power structure in Washington.
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