China bets on wind and solar power in Brazil

With the US government overly concerned with protecting non-renewable fossil fuels, other countries continue to move forward. An article called “China bets on wind and solar power in Brazil” by Manuela Andreoni in Dialogo Chino last August showed how China is filling the void.

From the article:

“It took just two months and a few billion dollars for China General Nuclear Power Group (CGN) to become one of the largest providers of clean energy in Brazil. Between May and July, the company acquired two solar power plants – including the second largest in the country – and six wind farms.

Chinese companies were already a powerhouse in Brazil’s energy sector, owning about 10% of the country’s capacity, mostly because of big acquisitions in recent years by State Grid and China Three Gorges; not to mention the thousands of kilometers of transmission lines being built.

But the new move by CGN solidified China’s presence in Brazil’s flourishing new energy market. According to a Diálogo Chino analysis of public records, the new investments mean Chinese companies now own 16% of Brazil’s wind power capacity and 21% of its solar capacity, or 2,822 megawatts in total.”

American companies, states and cities are moving forward on renewable energy. Their efforts would be so more impacful if leveraged by the federal government.

Our planet needs more leadership on this issue than America is showing. Countries like Germany and China are filling that void.

10 thoughts on “China bets on wind and solar power in Brazil

  1. The U.S. is, by directive of its own elected leadership, falling far behind in this area. The cities, states and companies that are making an effort are often thwarted by the present administration. Sooner or later, other nations will get tired of working hard to protect and preserve the environment while the U.S. continues to pollute their air, and then I can only guess what will happen. This is one area I have to give thumbs up to China!

    • Jill, this is akin to industry being too beholden to the past. Think of companies that no longer exist or are a shell of themselves because they did not keep up. Blockbuster, Pillowtex, Texas Instruments, etc. Keith

      • Indeed … you are so right. And I would add one of my old favourites, Borders Books … they failed to see where the ebooks concept was headed, jumped on the bandwagon too late, after Amazon and Barnes & Noble had already cornered that market, and … bye bye.

      • Jill, the list goes on. On this point, Trump’s favorite coal owner and donor filed for bankruptcy. Hillary may have been unliked by too many, but she had an energy plan for the future. Keith

    • Hugh, he was, but facts do not matter. He asks his followers “are you tired of winning?” and says the economy is the best ever – not really since GDP growth has fallen to 2.1% in 2019 from 2.9% the previous year. Keith

    • Roger, one thing Trump did fall into is the realization that he could make more money leasing his name than actually building something. He does more of the former and has agreements where he can exit relationships before the enterprise fails. This minimizes his liability and takes advantage of his selling talent. His ego won’t permit the recognition that he is a poor manager, so not owning something is better for him. Keith

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