Abstract
This chapter takes the analysis to the meso- and micro-level, where the role of firms in driving the China energy revolution is assessed. Typical latecomer strategies are appealed to in describing and analysing the approaches of the firms involved in the various energy sectors. Insofar as the firms succeed in becoming global players they are assessed as ‘Dragon Multinationals’ with distinctive approaches to implementing and accelerating their internationalization. Case studies of wind power firms such as Goldwind and MingYang; solar PV firms such as Trina Solar and Hanergy; and grid companies such as China State Grid Corporation reveal the rapid evolution of the latecomer strategies that have propelled companies to world leadership.
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Notes
See McKinsey and Co., Greater China Office, March 2009, ‘China’s Green Revolution’, at: http://www.mckinsey.com/locations/greaterchina/mckonchina/reports/china_green_revolution.aspx
See Greening China’s Financial System, Synthesis Report, by Zhang Chenghui, Simon Zadek, Chen Ning and Mark Halle (March 2015), Development Research Center of the State Council, PRC; and International Institute for Sustainable development, at: http://www.iisd.org/pdf/2014/greening_china_financial_system_en.pdf
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© 2015 John A. Mathews and Hao Tan
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Mathews, J.A., Tan, H. (2015). China’s Energy Firms: New Dragon Multinationals. In: China’s Renewable Energy Revolution. Building a Sustainable Political Economy: SPERI Research & Policy. Palgrave Pivot, London. https://doi.org/10.1057/9781137546258_5
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DOI: https://doi.org/10.1057/9781137546258_5
Publisher Name: Palgrave Pivot, London
Print ISBN: 978-1-137-54624-1
Online ISBN: 978-1-137-54625-8
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