‘Historic breakthrough’: China’s installed wind turbine cost drops to one-fifth of the US in green energy racehttps://www.scmp.com/news/china/science/article/3257036/historic-breakthrough-chinas-installed-wind-turbine-cost-drops-one-fifth-us-green-energy-race?utm_source=rss_feed

SCMP

‘Historic breakthrough’: China’s installed wind turbine cost drops to one-fifth of the US in green energy race

https://www.scmp.com/news/china/science/article/3257036/historic-breakthrough-chinas-installed-wind-turbine-cost-drops-one-fifth-us-green-energy-race?utm_source=rss_feed

South China Morning Post

Will China’s ‘historic breakthrough’ push it ahead of US in green energy race?

As the installed wind turbine price hits a record low, China has secured its place as a global green energy leader.

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Create: 2024-03-28
Last Update: 2024-05-14 11:29:54

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Date: 2024-05-14| SCMP

If riding a bucking bronco is your idea of fun, you’re going to love what the stock market has in store. Consider this past week’s ride a preview.The week’s action didn’t look like much, if you didn’t know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.

The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.