Boston,MA United States
Angstrom Advanced Inc has paid a lot of attention to what is going on in China, especially the renewable energy section. The leading magazine "Energy Digital" recently published an article from Verde about this market opportunity:
"As China's economy rapidly grows, the energy sector faces two major challenges: an imbalance of supply and demand and a lack of distribution and transmission infrastructure.
As by far the largest wind power market in the world (with 63 GW installed capacity), China gets more than 30% of its wind market's revenue from federal subsidies—an exceptional amount of support from the government that has adversely caused a massive oversupply issue. In 2011, abandoned wind power amounted to over 10 billion KWh, exceeding 50 percent of the industry's profit. Much of that energy was wasted, mostly positioned near farms lacking sufficient distribution/transmission infrastructure capable of moving excess energy to areas of higher demand. "
