Nov 24 2010
NBT Research has released a new market research report on Far East Wind Power, which provides high rate of returns and competitive cost in the Asian wind power segment.
The research report assesses the market opportunity available in Asia’s alternative energy segment and highlights the current trends that indicate that the wind power in China will become more than a $200 billion industry by 2020. Far East Wind Power can use this opportunity by leveraging its Chinese management team and partnerships to build 1 GW renewable wind power. The same wind power capacity can be sold to major utilities as they need to obtain 20% of power production capacity through renewable energy sources.
Author and TV commentator, Tobin Smith, stated that Liu Xiaobu, Chairman and Chief Executive Officer of Far East Wind Power, is an ideal person to make the investment strategy a reality. Smith added that the company has formed an experienced management team in China’s power industry.
James Crane, Chief Financial Officer at Far East Wind Power, stated that the research report provides a detailed overview of China’s current industrial situation and highlights significant opportunities for the company in upcoming years.
Source: Far East Wind Power