E.ON AG, Germany’s biggest utility, aims to increase generation capacity from renewable resources such as the wind and sun and may seek investments in India and China, a company official said today.
“We are not constraining ourselves to our home market, which we consider Europe,” Frank Mastiaux, chief executive officer of E.ON’s renewable-energy unit, said at a conference in Abu Dhabi. “If an opportunity develops in India or China, we’ll be able to go there.”
European utilities are expanding in renewable-power generation worldwide as they seek to benefit from government incentives for cleaner energy production and reduce output of carbon dioxide, the main gas blamed by scientists for global warming. E.ON is already building wind farms across Europe.
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There could be no better investment in America than to invest in America becoming energy independent! We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources. Create cheap clean energy, new badly needed green jobs, and reduce our dependence on foreign oil. OPEC will continue to cut production until they achieve their desired 80-100. per barrel. The high cost of fuel this past year seriously damaged our economy and society. Oil is finite. We are using oil globally at the rate of 2X faster than new oil is being discovered. We need to take some of these billions in bail out bucks and bail ourselves out of our dependence on foreign oil.If all gasoline cars, trucks, and SUV's instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. Jeff Wilson has a really good new book out called The Manhattan Project of 2009 Energy Independence Now. He explores our uses of oil besides gasoline, our depletion, out reserves and stores as well as viable options to replace oil.Oil is finite, it will run out in the not too distant future. WE need to take some of these billions in bail out bucks and bail America out of it's dependence on foreign oil. The historic high price of gas this past year did serious damage to our economy and society. WE should never allow others to have that much power over our economy again. I wish every member of congress would read this book too.