homeWelcome, sign in or click here to subscribe.login
     


 

 

Environment


Subscriber content preview

January 10, 2017

China to spend $361B on wind, solar and hydro while western investors pull back

By JOE McDONALD
AP Business Writer

Imaginechina via AP Images [enlarge]
Chinese workers check panels at a rooftop photovoltaic power station at a plant in the central Hubei province. China says the investment will create over 13 million jobs in the sector as the world’s largest energy market shifts away from coal toward cleaner fuels.

BEIJING — Other investors are wary of Brazil, but when Duke Energy wanted to sell 10 hydroelectric dams there, a Chinese utility shrugged off the country's economic turmoil and paid $1.2 billion to add them to an energy empire that stretches from Malaysia to Germany to the Amazon.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.