Chinese wind turbine manufacturer Ming Yang has announced plans to build 300 gigawatts of new capacity (yes, 300 billion watts from one manufacturer) in eastern Jiangsu province, AltEnergyStocks reports. “Beijing has set an ambitious target of building 35 gigawatts of new energy power capacity by the end of next year, with Chinese firms expected to supply the big majority of wind and solar equipment needed to meet the target,” Young writes. “The plan is designed not only to lower China’s reliance on dirtier fossil fuels, but is also aimed at promoting a battered field of new energy equipment makers that are only now emerging from a prolonged sector downturn.”
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