China races ahead of Europe and the US in wind, as our developers lack suppliers and capital

China's dominant positions in supply chain, manufacturing, and trade flows means that they can uniquely take on projects that are too costly for anyone else. This is particularly true of major capital-intensive projects.

Recent developments in wind energy show that China is aggressively investing in wind power across the developing world, particularly in other BRICS nations. Meanwhile, the United States is postponing or canceling wind projects, even in areas best suited for offshore wind.

Chinese companies are focusing on much larger wind systems, and building them faster. Goldwind, a Chinese turbine manufacturer, recently broke records for size, construction time, and power generation.

Resources and links:

Substack, for video transcript and direct links

New York Times, China Reaches Record Trade Surplus, Raising Alarm Abroad

Zerohedge, Jersey Shore Wind Power Project Stalls After Having A "Hard Time" Finding Someone To Manufacture Turbine Blades

NJ hits pause on offshore wind farm that can’t find turbine blades

AP, Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issues

Reuters, China's SPIC invests $147 million in Brazil wind farms, launches solar parks

China dominates global supply of solar panels and wind turbines

Chinese firm installs world’s biggest wind turbine in ‘record’ 24 hours

Average Electricity Rates (per kWh) by State

US Offshore Wind Farms Are Being Strangled With Red Tape

New York nixes 3 offshore wind projects, notes GE Vernova move to abandon 18-MW turbine

Closing scene, Fenghuang Ancient Town, Hunan

[Inside_China_Business]

For video transcript and direct links:

[gunsumwong]

Instead of building wind farms US did successfully built over 800 military bases worldwide. There is no shortage of supply chain and rate hikes there.

[barrywong]

Agreed; China is winning on every front in terms of economic, manufacturing and technological power. Obviously, they are still behind in the leading edge of semi-conductor. But it won’t be long before they’ll catch up and take the lead. Simply put: there is no stopping China’s advancements.

Their government is disciplined. Their leader is a visionary. Their society is harmonious. Their people are united. Their leaders let their action and accomplishments speak for themselves; no bs and no hot air.

They are in it to win but not just for themselves…everybody wins.

[pch]

Every one of your video is a valuable education, thanks Kevin.

[davidelkinsUN]

it's an incomplete day without a video from ICB. Thank you Kevin.

[davidk]

After watching all of the US and European politicians and talking heads, I realized that while China might be ahead in wind, the US and Europe are way ahead of China in the production of "hot air". ; )

[mizzypoo]

That’s what 800 MiLiTary Bases gets you..

ABSOLUTELY NOTHING 😏

[jessejames]

Thank you for your reporting. I appreciate these facts and details that I don't hear elsewhere. You are much appreciated Sir. Respect.

[yaoliang]

China has surpass the US led collective West in many fields of important technologies n this is the real reason for their antogonism towards China.

[leecheelek]

The rest of the world namely BRICS+ members, SCO, BRI participants, Africans, South Americans, East and South East Asians, Arabs etc are all learning how to colloborate with the PRC (China) instead of direct competition as their Leaders fully understand what business and trade really means in essence and how competition works. Countries which colloborate between their domestic industries, businesses etc with China ends up developing their own country at an explosive rate (win win philosophy) besides being able to expand and enter China's consumer market for other products which China does not manufacture or produces. The world is big enough for everyone to grow together in Prosperity.

[tompell]

For 40 years, I worked as a senior design engineer for large and most advanced HiTech companies in the US. A large number of my colleagues were chinese. I had the highest respect for them because they were very capable and innovative. IMO, since there are more chinese stem engineers in China than are chinese engineers in the rest of G7, it is inevitable that China will be more advanced than the G7 in the near future.

[oppaceo]

Hey Kevin, Greetings from Malaysia. Thank you for the Effort & Prayers ❤

[Smith]

Love this channel, always look forward to a new report from China, very interesting. Excellent work.

[barryshaw]

China’s racing head and technology and they aren’t gonna stop and wait for anybody to catch up. They continue to move forward. Very impressive. Very informative video.

[HKChineseCanadian]

When it comes to wind power, America and Europe are just blowing hot air.

[gaobili]

This is also the reason why First Solar's production capacity is far less than that of its Chinese counterparts, but its stock price exceeds theirs. The lack of competition has forced American municipalities and power companies to purchase their products at high prices.

[matsforsberg]

Thank you for your insights and research. Love from Sweden

[kslam]

Why oh why, America? Land of the Free and Home of the Brave. America no longer shows generosity and magnanimity but insecurity.

[Ullrich]

Thank you for your informative posts. Always relevant 🙏

[yaoliang]

Fenghuang ancient town is one of the loveliest old towns in China n is close to the unesco listed world heritage site, the Wulingyuan national park