Renewables Are Primed for Growth in Asia
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Investment in wind and solar power is expected to surpass fossil-fuel power in coming years, despite dropoff in subsidies
Renewable-energy operators are planning for further growth in Asia despite a falloff in subsidies, betting energy demand will keep rising.
In China, government support has driven a rapid buildup and turned the country into the world’s largest producer of renewable energy. That stimulus is drying up, putting the industry at risk. Solar-energy subsidies were halved this year, while offshore wind subsidies will end in 2020, to be followed by onshore next year.Read More…
Source : wsJ
