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EducateWorthington.org

The 912 Project - Glenn Beck

912 Group of Central Ohio

Please let me know if you'd like your link added

While goofing off in the penny stocks and trying to find a way to make a fast buck, I came across this corporate press release. A CLASSIC!


70-80 pct of China wind farms fail to fulfill power generation targets
BEIJING, Jul. 27, 2009 (Xinhua News Agency) -- Now 70-80 percent of China's wind farms post their electricity output far less the targets due to imprudent preliminary feasibility study, according to a survey by the China Wind Energy (OTCBB:CWEY) Association.

The Chinese government issued a scheme for mid- and long-term renewable energy development (OOTC:EGDCY) in September 2007, encouraging the power companies each with capacity of above five million kw to raise the ratio of their electricity output by renewable energy to three percent in the total power production (excluding hydropower) by 2010 and to eight percent by 2020.

Stimulated by the supportive policy, the domestic power giants are all rushing for wind power exploration.

However, most of the small wind farms have tumbled in the red due to unsound economic benefits. Some even suspended production rather than production for losses.

Now China has 80 wind power enterprises and the top six's combined installed capacities exceed 12 million kw, said Xu Hongliang, board chairman of China Fulin Windpower Development Corporation. Xu estimated that the domestic market's wind power demand can be satisfied with just ten more firms apart from the top six.

China's wind power enterprises are likely to be subject to a big reshuffle via restructuring, merger and acquisition, Xu added.




Source: Xinhua (July 27, 2009 - 4:45 AM EDT)

News by QuoteMedia

It is very sad when the truth about issues comes out from the Chinese government before we hear the truth from our own government.

I think at first this is bad for wind energy stocks....but then you consider they need to redouble or triple the number of farms just to meet the original projected goals. Maybe these stocks should be a buy after this devastating news?

I would love this stock if it trades under a dollar again. This company makes sense to me. I'm looking for American equivalent companies that are publicly traded.

http://www.chinaenergyrecovery.com/s/Home.asp

First of all, if any tea party supporters out there own wind energy interests, you should sell them immediately.  Why?  No guardian of the constitution would partner with the US and state government to support a technology that has been at the public trough for thirty years and STILL gets greater than 50% of its revenue stream from subsidy, mandate and government favor.  The industry rides a wave of Enron-like rent seeking skill but fails to prove any pollution offset value.  Germany's central grid manager EON.Netz has rebuked its value there http://www.countryguardian.net/EON_Netz_Windreport2005_eng.pdf, and Mr. Obama has grossly overstated Denmark's use of the stuff in proclaiming them a model for the US energy future. http://www.instituteforenergyresearch.org/2009/09/14/something-rotten-obama-says-danes-receive-20-of-their-power-via-wind-new-study-tells-the-real-story/

The land sprawl factor for wind energy is outlandish, with project footprints over 500 times that of coal or nuclear facilities based on raw productivity, and several thousand times greater based on reliable, steady stream (schedulable) production.

The output is so skittish that the entire rest of the grid must work much harder just to maintain voltage and frequency control, and as wind energy is further deployed, this situation will cause reactive supply resources to operate at much lower efficiencies, adding significantly to their emissions per unit of output.

Storage schemes such as new hydro, batteries, capacitors, flywheels and "ice warehouses" are inefficient and expensive, and a long way from being scalable.

Many supporting documents can be accessed at www.savewesternOH.org which also supports a "climate realism" posture, refuting Revelle's early work and Al Gore's obsession with it.

I am available to speak on this topic at any size gathering. e-mail to TStacy@savewesternOH.org

Unless I attended a tea party in Beijing, then I am not seeing the connection why one would make me not participate in the other. It's a China company.

I'm arguing with a position statement at the Reform Party website. I gadfly there for sport. Is it okay if I repost your contact information on that website?

Please post your next lecture here so I can get a chance to attend.