“Survival of Fittest in Green Energy Shows Workout”

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http://www.bloomberg.com/news/2014-02-24/survival-of-fittest-in-green-energy-shows-workout-china-credit.html

A survival of the fittest struggle is emerging as China’s renewable energy industry faces a record $7.7 billion in bonds maturing this year.

“The weaker companies are being weeded out,” said Charles Yonts, a Hong Kong-based analyst at CLSA Asia-Pacific Markets. “The government is going to pick the winners and could force them to take the assets of the others.”

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The Chinese Government is consolidating the renewable energy industry into national champions; who can compete globally in a growth sector that requires economies of scale to deliver profits for companies and affordable products for customers.

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About isabellew9873

My name is Isabelle Whitehead. I was a member of the Bolton School group on the Operation Wallacea 2015 expedition to Peru.

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