The new renewable energy bridge
Posted by Charles Decuir on July 16, 2018 3:15 PM EDT
This time, the stars could not have been better aligned. China had accumulated excess stock of renewable energy hardware. Too many factories were churning out solar panels and wind turbines to fulfill Beijing’s clean energy dreams.
The Chinese government had earlier declared that it intended to spend a whopping $360 billion on renewable energy wherewithal, such as solar panel and wind turbines, by 2020. On the demand end, energy-hungry India was positioning itself to absorb a significant portion of this surplus.