China Leads Way For Solar Energy
SF GATE - Next month, Santa Clara's Applied Materials Inc. is scheduled to open a giant solar energy R&D center. The company is investing up to $300 million in the facility. It will not be situated in California, nor in the United States, but in Xian, China. Because China's where the action is.
"If the U.S. doesn't get serious, China's going to own this industry," said Applied Materials spokesman David Miller. He points to the Manhattan Project-like push for alternative energy adopted by Chinese officials, which includes up to $60 billion annually in government investment. And here? "Here, we're way behind," said Miller. "We're still messing around with energy bills. We need to get serious, to get capital spending flowing, to get the government truly behind it, to get focused."
Miller and his company are not simply blowing smoke. In as little as two years, analysts predict, China will be the world's biggest consumer of solar energy. By 2013, its clean tech market could amount to $1 trillion annually, according to a report earlier this month from the China Greentech Initiative, a consortium of U.S. and Chinese companies that includes Cisco Systems and the Silicon Valley VC firm VantagePoint Venture Partners, which specializes in clean tech investments
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