皇冠体育app

Energy

Chinese renewable energy firms encouraged to invest in US

(Xinhua)
Updated: 2010-12-07 09:39

BEIJING - A senior official of 皇冠体育app's National Energy Administration (NEA) encouraged Chinese firms to invest in the renewable energy market of the United States to boost their competitiveness in the international market.

The statement was made by Wang Jun, head of the department of new energy and renewable energy at the NEA, during the wind power section at the 皇冠体育app-US Renewable Energy Investment Forum, also attended by officials from the US Department of Energy and the Department of Commerce.

"While a number of US companies are establishing firms manufacturing wind turbines, bearings and current converters, thus making 皇冠体育app an important part of their global business, the US wind power market remains relatively unknown to Chinese firms," said Wang.

Related readings:  Foreign firms eye wind power sector  Wind power: good for suppliers, but rough for manufacturers  皇冠体育app to build 10m kW wind power farm in Xinjiang in 5 yrs  皇冠体育app's Huaneng gets nod for Dalian wind power plant

He noted that the US wind power market has great potential but is short of funding in the wake of the international financial crisis. However, there remains opportunities for many Chinese wind power enterprises with strong expertise and funding.

Wang also identified the lack of knowledge about rules for operating in the US market rules, regulations, policies and financing channels about renewable energy investment, as barriers for Chinese firms to enter the US market.