"They are much more aggressive and are more willing to take on risk," said Shepherd. State-owned CTG ( CTG ) is heavily spending on hydro, wind and solar projects just as European utility investors are cutting back. CTG and other state-owned utilities such as China Three Gorges are willing to tolerate risks and, flush with cash, are expanding overseas in the hopes of accumulating more diversified revenue sources as demand cools domestically. The China government is spending heavily on renewables to curb Beijing 's reliance on imported oil, gas and coal, as well as to reduce heavy air pollution levels.
State-owned CTG ( CTG ) is heavily spending on hydro, wind and solar projects just as European utility investors are cutting back. CTG and other state-owned utilities such as China Three Gorges are willing to tolerate risks and, flush with cash, are expanding overseas in the hopes of accumulating more diversified revenue sources as demand cools domestically. The China government is spending heavily on renewables to curb Beijing 's reliance on imported oil, gas and coal, as well as to reduce heavy air pollution levels.