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Where Is America in the Global Renewables Market? MIA
Posted on August 15, 2008
The final sentence in Tom Friedman's piece from last Sunday's New York Times has stuck with me this week. Friedman was traveling in Denmark, and he wrote about meeting Ditlev Engel, the president of Vestas, the world's largest wind turbine manufacturer. Engel told him: We've had 35 new competitors coming out of China in the last 18 months, and not one out of the U.S. That's right; no American company is chasing down the leader of one of the fastest growing markets of the 21st Century: renewable energy systems.Morgan Stanley estimates the global renewable energy sector has a market cap o...
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