ABB_id2059
in News Departments > FYI
print the content item

The U.S. wind sector held a $146 million trade surplus over their Asian counterparts, according to a Pew Charitable Trust report on trade relations between the U.S. and China.

The report, titled "Advantage America: The U.S.-China Clean Energy Trade Relationship in 2011," focused on wind, photovoltaic and energy smart technologies.

The report concluded that America's clean energy trade strength is derived from leadership in innovation and entrepreneurship, as well as the global presence of American companies, notes Pew.

The U.S. wind industry excels in sales of relatively high-margin specialty materials, such as fiberglass, and sensitive electronic and other control systems. China's largest sales were in turbine towers and rotors. China's clean energy industry has an advantage in large-scale manufacturing and high-volume assembly of certain clean energy products.

However, the report notes that tensions between the two countries have been heightened in recent years by fiercely competitive market conditions affecting companies in both countries, as well as several high-profile trade cases.

Pew says that wind energy was the smallest of clean energy trade sectors examined, with more than $923 million worth of wind energy goods and services exchanged between the U.S. and China in 2011.

Overall, the U.S. and China traded more than $8.5 billion worth of clean energy goods and services in 2011, with the U.S. companies enjoying a $1.63 billion sales advantage over their Chinese counterparts.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015