Re: these people are HIGH-larious!!
by
blueshift
10/27/2009, 3:14 PM #
Hi Bentoniani,
"Not sure how good it would be for China though, since even wind
turbines with high capacity factors, production tax credits, cash
grants from the treasury, RPS credit subsidies, and favorable
permitting treatment will return something like 1 or 2% IRRs for their
owners."
Well the return for their economy on the whole should be significantly better for turbines installed in China. I'm presuming they continue to improve efficiency and lower costs while they ramp up to their internal goals. As the industry matures, they can use their expertise and any proprietary technologies developed to compete on international bids.
Note that this article was only one of many showing a very serious commitment to "green technologies" and real progress. They are IIRC second in solar manufacturing capacity now and could become first.
"They're much better off earning 4 or 5% off of all those US treasurys they've been buying."
Assuming they don't lose faith.