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China Emerging as Preferred Destination for Global Wind Energy Market

China is quickly emerging as a global destination for wind energy market. Drawn by the commitment shown by China to the wind energy sector, a number of overseas governments and global companies are waiting for their chances to enter into alliance with the Chinese wind energy equipment producers and the wind farm operators to infiltrate the fast-growing Chinese wind energy market.

According to the China Wind Power Outlook 2010, a report released in association with Chinese Renewable Energy Industries Association (CREIA), Global Wind Energy Council (GWEC) and Greenpeace China represented nearly one-third of the total wind power generation from all over the world with its installed power production capability of 13.8 GW and achieved nearly 100% growth. The country is all set to better United States as the largest wind power producer at the end of the current year.

Gamesa, a Spain-based company specializing in wind turbine production, has entered into partnership with the state-owned utility companies, China Longyuan Power Group and China Guangdong Nuclear Power Co, to make entry into the Chinese wind sector and to raise its sales income in China. Similarly, General Electric (GE) has entered into a venture with Harbin Power Equipment during the early part of this year to enter the Chinese wind market.

According to Vic Abate, GE Power and Water’s Vice President of Renewable Energy, the entering of partnership has enabled the company to build an important position in Chinese wind market. For Switch, a Finnish company, China caters to more than 50% of its global supply and it has entered into an alliance with Dongfang Electric, a Chinese company to produce converters and generators in China.

Tormod C. Endersen, Consul-general for Norway, said that his country is interested to enter into China’s offshore wind projects and collaborate with Chinese producers in offshore wind developments.

Some of the leading wind turbine producing companies from China such as Mingyang, Goldwind, Sinovel, Shanghai Electric and XEMG are currently preparing to move into large-sized wind turbine productions to meet the requirements of high end offshore wind energy projects.

According to a recent report from National Energy Administration, China is anticipated to invest around $738 billion to develop clean energy sources during the next 10 years.


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