So now our subsidies that go to these failed wind farms will go right into the hands of the communist chinese. More failure by the green fools unless of course you want to have the communists running the electric grid. Ask anyone in China how happy they are when the government decides to turn on the heat for the winter as they wait around for every year.
"State Grid Corp of China has had talks with U.S. power firm AES Corp (
>> The AES Corporation) about taking a controlling stake in its U.S. wind power business, three sources said, as China's cash-flush state-owned power companies go on an overseas buying spree. It wasn't clear how much State Grid would pay for the assets or how the business would be structured after the sale. Based on analysts' estimates, the assets could be worth around $1.65 billion.
The deal involves wind power assets with capacity of around 1,100 megawatts (MW) and would give State Grid a roughly 80 percent stake in AES's U.S. wind power business, sources with direct knowledge of the matter told Reuters. It would be State Grid's first foray into the United States."
China's State Grid in talks to buy AES' U.S. wind assets:sources | 4-Traders