News about Solar, Wind and alternative green power technologies

A couple weeks ago as representatives from nations worldwide gathered in Copenhagen for the much ballyhooed climate summit, division was the foremost issue on the minds of organizers. Developing countries were seeking assistance financially so they too could regulate their countries emissions and industrialized nations balked at curbing CO² emissions in order to turn around global warming. Battle lines were drawn to determine whether developing nations needed to have the same accountability as their wealthier equivalents.

Nevertheless, a couple weeks of round the clock discussions and arguments effected what some considered to be a lost cause, an agreement in principle that would see the world’s major polluters decide to “ take a hard line” in eradicating carbon emissions. They also pledge one hundred billion dollars to developing countries so they can afford to institute new renewable energy policies to curb greenhouse gases. At the same time, China, America, Brazil and India would carry on the heavy investment in solar and wind technologies.

At the forefront of this investing, China’s four hundred fifty four billion dollar commitment to renewables in the coming half decade was featured. The outlook for renewable power was enhanced greatly due to Copenhagen. Suzlon from India forecasts a shortfall in 2010 for wind turbines and into the years to come. The current fifty three billion dollar wind turbine market means that current International capacities simply cannot cope with the high demand.

China is beginning to gear up as a hotbed for wind power too. At the beginning of 2009, General Electric [GE] partnered with A-Power Energy Generation [APWR] on a yearly production of two gigawatts of capacity in 2010. According to head office, GE envisions China at the forefront of green energy right now, with this continuing until America develops its own green energy solution. A-Power Energy Generation announced recently that they had a finalized accord between US-REG and Cielo Wind for a six hundred Megawatt wind farm installation in Texas.

Prior to broadcasting this news, investors were cynical. The exciting part of this deal is that A-Power has settled on delivery of wind turbines, starting in march, 2010. This means dollars for begin to come in during the first quarter of 2010. In addition to this, the company previously earned dollars from Chinese renewables [wind farms] in the fourth quarter, 2009. Nonetheless, this is the first money to be earned by a large wind farm complex that A-power has contracted for. A-Power has quite a number of renewable energy projects from various nations and so they are developing their wind projects rapidly in concert with GE.

It is believed that because of the expected surge in renewable technology and energy production, Companies like General Electric – Suzlon – A-Power Energy Generation – American Superconductor [AMSC] – Siemens – Suntech Power [STP] – First Solar [FSLR] and Solarfun Power [SOLF] will become major players in the new Green Economy.

The time would now seem right for any country of reasonable means to step up and support the renewable energy manufacturers and anyone else who is involved in the construction, operation and consumption of renewable energy technology and its power generation.