06 Mar '13, 3pm

US Had $1.63 Billion Clean Energy Surplus with China

U.S. suppliers had a $1.63 billion trade surplus for solar manufacturing equipment, specialty materials, power-management control systems and other high-margin products, according to a report today from the Philadelphia-based nonprofit group. A total of $8.5 billion of clean energy goods and services were exchanged between the two countries in 2011, the last year for which data are available. The finding challenges assumptions about competitiveness between the two nations, which are the world’s largest economies, electricity markets, greenhouse-gas emitters and recipients of clean energy funding, according to Michael Liebreich, chief executive officer of Bloomberg New Energy Finance, which compiled data for the report. “The United States is viewed primarily as a services economy and an insatiable importer,” Liebreich said in the report. “China’s dominance in complete solar...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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