U.S. scientists and companies developed renewable energy technology that’s being used across the world, including in the U.S. But the companies making money on that technology are based in Europe and China.
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While some U.S. companies have grown wary lately about doing business in China, Applied Materials shows few signs of such hesitancy. SENATOBIA, Miss. — Twin Creeks Technologies will locate a solar panel manufacturing facility in Senatobia in north Mississippi. Shifting to sustainable energy could leave the West dependent on technology from China, much as the developed world now depends on oil from the Mideast. Crude oil futures fell below $80 a barrel after Chinese banking rules raise fears the country might slam the brakes on growth. The idea that America’s clean-energy push has become, first and foremost, a jobs push is now indisputable. A boom in Chinese wind investments helped Asia top the Americas in clean energy spending last year, but Europe-Africa-Middle East remained the top region, according to data out this morning from consultant New Energy Finance . Associated Press The Yumen Wind Farm in northwest Gansu province. Totalling up spending by venture capitalists, governments, asset financiers and so forth, the green eye shades at NEF found $37.3 billion invested in Asia-Oceania, versus $32 billion for the Americas |
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