Cashing in on the Green Leap Forward: Cleantech in China

clipped from blogs.wsj.com We wrote earlier about China’s unbridled enthusiasm for wind power and the risks that appetite poses for other wind developers around the world. But every coin has two sides. As General Electric boss Jeff Immelt said last week, American technology companies have plenty of potential customers around the world, even if U.S. energy policy lags. And as Washington senator Maria Cantwell said on her own China junket this week, American clean-technology companies should embrace China’s recent greening as an opportunity. One who’s trying is American Superconductor Corp China’s own domestic wind industry has burst on the scene in recent years, and two Chinese makers are now in the global top-ten wind turbines accounting for $36 billion in capital outlay last year, according to the global trade group American Superconductor, which will start local production this year, designs wind turbines “from soup to nuts,” “We give them the razor and then sell them the blades.”