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Two weeks ago, when delegates of nations from around the world flew to Copenhagen for a climate talk, the world was divided. Developing nations asked for financial help to control their CO2 emission while developed nations hesitated to curb enough greenhouse gas to reverse global warming. The battle remains over whether developing nations should take the same responsibility as their developed counterparts.

However, two weeks of marathon confrontations resulted in a surprising Copenhagen accord. The five major polluters agreed to take action to cut CO2 aggressively, with $100B per year pledged to help developing nations adopt green energy technology to cut greenhouse gas. Meanwhile, the US, China, Brazil and India continue to invest heavily in wind and solar energy with China's $454B in the next 5 year period as the most aggressive one. The result from Copenhagen boosted the renewable energy outlook; India's Suzlon sees wind turbines shortfall in 2010 and in the coming years. The $53B wind turbine market means the current global capacity cannot meet the demand.

The wind energy market is heating up in China as well. Ealier this year General Electric (NYSE:GE) set a joint venture with A-Power Energy Generation (OTC:APWR) with an annual 2GW capacity in 2010. According to the CEO, GE sees China as leading the green energy trend already, and this will continue if the U.S. does not come up with a green energy policy. A-Power Energy Generation announced Wednesday that the company has signed a definitive agreement with US-REG and Cielo wind for a Texas 600MW wind farm project.

Before this announcement, some investors were still skeptical. What makes this project golden is that A-Power has agreed to deliver wind turbines beginning in March 2010. In other words, revenue on wind turbines will starts to flow in Q1 of 2010. Of course, the company has already realized revenue from Chinese wind farms in Q4 2009, however this marks the first revenue in-flow from a Mega wind farm project that A-Power has signed. The company has many huge alternative energy projects from various countries and is ramping up its turbine projects quickly through a Joint venture with General Electric.

Under the new global effort to pursue green energy, the following companies may play a big role in the new economy:
General Electric
Suzlon
A-power Energy Generation
American Superconductor (NASDAQ:AMSC)
Siemens (SI)
Suntech Power (NYSE:STP)
First Solar (NASDAQ:FSLR)
Solarfun Power (SOLF)

Disclosure: long GE, APWR, FSLR

Source: Copenhagen Results Boost Renewable Energy Outlook