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 (OTC: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.