According to Ernst & Young, China is closing in on the United States as the most "attractive" country with regard to renewable energy. By installing more than 12 gigawatts of photovoltaic capacity and focusing similar efforts on wind power, China made great strides last year. One area that the United States took a drastic step back in was, in fact, wind power. That could mean trouble for companies such as General Electric (NYSE:GE) and Siemens AG (NASDAQOTH:SIEGY) if it continues. However, looking at GE's fourth-quarter report, it appears that demand for wind solutions is still strong within the United States. For more information on where we stand compared to China, simply click on the following short video.
This segment is from Tuesday's edition of Digging for Value, in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Alison Southwick, Joel South, and Taylor Muckerman have no position in any stocks mentioned. The Motley Fool owns shares of General Electric. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.