InfoAnda - Chinese wind power companies target global markets

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Could Wii nunchuks make screen time healthier? | | 14 July 2012
Iraq parliament session pressures Iraqiya bloc | | 5 November 2010
Serbia mulls ban on anti-gay extremists | 22 September 2009

Egypt prosecutor keeps job in blow to Mursi | | 14 October 2012

Forum Views () Forum Replies ()

Read more with google mobile : Chinese wind power companies target global markets

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Chinese wind power companies target global markets By JOE McDONALD,AP Business Writer - Sunday, December 6 Send IM Story Print BEIJING – China's Goldwind Science & Technology Ltd. is one of the world's biggest makers of wind turbines _ a cornerstone of the booming clean power business _ but is virtually unknown outside its home country. Goldwind aims to change that. In a Minnesota farmer's cornfield, the company is erecting three 20-story-tall windmills in its first American project and hopes it will help to woo other buyers. "There are a lot of leads and we are following them up," said Kerry Zhou, Goldwind's director of development. "We certainly expect that by 2011 we can get good results." China's market for wind equipment is on track to overtake the U.S. this year as the world's largest, spurred by a government campaign to promote renewable energy to clean up its battered environment and curb surging demand for foreign oil and gas. Now the biggest Chinese manufacturers want to expand to the United States, Europe and other markets. Western suppliers could face new competition as low-priced Chinese rivals seek to profit from global efforts to limit climate change. Chinese manufacturers could get a boost if officials at this week's U.N. climate summit in Copenhagen, Denmark, agree on new measures to spread use of clean energy. Beijing is promoting the industry as part of sweeping efforts to transform China into a creator of profitable technologies. Utilities have been told to step up clean energy spending even as the global economic crisis cuts into investment elsewhere. "China is a major player and will dominate the future development of wind," said Lars Andersen, president for China of Denmark's Vestas Wind Systems A/S, the world's biggest maker of wind turbines. Chinese wind companies' technology lags behind global leaders such as Vestas and General Electric Co. But their prices are up to 50 percent lower, which industry analysts say should make them competitive abroad. "The performance-to-price ratio is quite attractive," said Victoria Li, who follows the industry for Credit Suisse in Shanghai. "I think they could see strong growth from export revenue within two years." Last year, China accounted for 22 percent of new global wind capacity, while the United States accounted for 29.6 percent, according to BTM Consult, a Danish research firm. This year, Credit Suisse says China will install up to one-third of new capacity. The industry has gotten a boost from a flow of money through the Clean Development Mechanism, a U.N. program that allows industrialized economies to meet commitments to reduce greenhouse gas emissions by paying developing countries to cut their own instead. China is the biggest recipient of CDM money. Chinese demand is so huge that with almost no foreign sales, Goldwind and rivals Sinovel Wind Co. and Dongfang Electric Co. already rank among top global manufacturers. Sinovel, Goldwind and Dongfang together made one of every eight wind turbines sold worldwide in 2008, according to BTM. Vestas led global sales with 19.8 percent and GE was second with 18.6 percent. Beijing-based Sinovel made its first foreign sale last year, shipping 10 1.5-megawatt turbines to India, said a company spokeswoman, Liu Chang. Also in 2008, Goldwind sold six of its smaller 750-kilowatt units to Cuba. In Minnesota, Goldwind is installing three 1.5-megawatt turbines on a farm in the town of Pipestone. Zhou said the company hopes the site will prove its turbines operate reliably under U.S. weather conditions. Beijing's tactics in promoting its suppliers have caused strains in trade ties at a time when other governments are scrambling to preserve jobs. The European Union Chamber of Commerce in China complains that foreign producers have been shut out of bidding for major wind projects. Beijing also required that 70 percent of parts in turbines used in China be domestically made _ a rule that was dropped in September only after major foreign producers had set up Chinese factories. November's announcement that a Chinese manufacturer, A-Power Energy Generation Systems, would build a Texas wind farm prompted an outcry from American critics that stimulus money the project might receive should not go to China. A-Power and its American partners said they would open a U.S. factory. "We definitely are closely watching the controversy and obstacles for this current project to see what will happen," said Goldwind's Zhou. Aggressive government goals issued in 2005 call for at least 15 percent of China's power to come from wind, solar and hydropower by 2020. Officials say that target might be boosted to 20 percent. In July, Beijing raised its wind power goal to 150 gigawatts of generating capacity by 2020 _ the equivalent of 300 standard coal-fired power plants _ up from the 2005 plan's target of 30 gigawatts. But the industry faces technical hurdles to its growth. Wind farm construction has raced ahead so fast that 25 percent have yet to be connected to the national power grid. Like the United States, China faces the problem that its windiest areas in the desert northwest and northern grasslands are far from populous cities, requiring expensive transmission lines. Other companies are developing technology ranging from solar panels and fuel cells to more far-out systems that make power from garbage and used cooking oil. China's solar cell producers have competed abroad in Spain, Germany and California since they got into the business early this decade because the technology was too expensive for Chinese buyers. The biggest, Suntech Power Holdings Ltd., is on track to pass Germany's Q-Cells SE as the world's top supplier as early as this year. "In an incredibly short space of time China has taken the lead in the race to develop and commercialize a range of low-carbon technologies," said the Climate Group, a London-based environmental organization, in a report in August. Many manufacturers still rely on technology licensed from GE and other foreign producers but Goldwind, Sinovel and others are developing their own. Zhou said Goldwind has spent 500 million yuan ($75 million) since 2007 on research and owns the technology used in its turbines in Minnesosta. Goldwind, founded in 2001, says more than 1,200 of its 1.5-megawatt units have been installed at 40 wind farms across China. Last year, it bought a German company, Vensys, with a factory that can produce 100 turbines a year. Zhou stressed that Goldwind plans to make or buy most components wherever its turbines are installed, rather than shipping bulky towers and blades up to 300 feet (90 meters) long from China. That could help avert political strains by creating local jobs. "We don't want to aggressively enter a market with simple thinking that we can just export our equipment there," Zhou said. ____ On the Net: Goldwind Science and Technology Co.: en.goldwind.cn Sinovel Wind Co.: http://www.sinovel.com Dongfang Electric Corp.: http://www.dongfang.com.cn General Electric Co.: http://www.ge.com Vestas Wind Systems A/S: http://www.vestas.com Suntech Power Holdings Ltd.: http://www.suntech-power.com BTM Consult: http://www.btm.dk Global Wind Energy Council: http://www.gwec.net Recommend Send IM Story Print Related Articles Oman's Bank Sohar has $4.3 mln exposure to Nakheel Reuters - 1 hour 4 minutes ago TEPCO to invest Y300 bln in Aus LNG project -Nikkei Reuters - 1 hour 30 minutes ago MIDEAST STOCKS-Dubai rebounds for 1st time since debt crisis Reuters - 1 hour 36 minutes ago Mideast stocks - Factors to watch - Dec 6 Reuters - 1 hour 37 minutes ago National Bank of Oman has $23 mln Dubai exposure Reuters - 2 hours 11 minutes ago News Search Top Stories German firms complain of tight credit, intrusive banks Hundreds protest New York 9/11 trial Saudi hails 'perfect' oil price, stable market European protests demand tough climate deal Obama vows to help America's unemployed More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Saudi investors shrug off Dubai debt crisis Hundreds protest New York 9/11 trial Saudi hails 'perfect' oil price, stable market Woods in marriage therapy after admitting 'sins' OPEC should maintain output: Arab oil ministers More Most Viewed » Global stocks mixed amid Dubai debt crisis Tiny magnetic discs could kill cancer cells: study Alcohol helps cut heart disease risk for men: study Mankind using Earth's resources at alarming rate Dubai blackout over debt plans to hit Gulf markets More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 6 December 2009
Israeli MP sees Shalit deal 'within a week or two'
Tens of thousands march against Berlusconi
Hearst looks to digital readers of the future
European protests demand tough climate deal
Obama vows to help America's unemployed
Karzai to unveil Afghan cabinet 'within days'
Thousands turn out for London climate rally
Iran bans foreign media cover as student rally nears |
Egypt rescuers end search after ferries collide
Two Darfur peacekeepers killed in second attack |
Communist rebels gain strength in rural India
Navajo politics turn sour over move to cut council
'Cobra's Anger' Offensive Sends Thousand U.S., NATO Troops To Afghan Valley
Philippines declares martial law in massacre area
Mom Gives Birth Aboard Southwest Airlines
China activist speaks out from inside 'black jail'
Washington raid brings deportations, mixed signals
Weekend finds senators bickering over health care
Anti-China opposition gains ground in Taiwan local election
Amanda Knox's Parents To Appeal Guilty Verdict Of Italian Court
Obama plans to talk health care with Dem senators
Little resistance on day 2 of US-Afghan offensive
Slim-Fast Recalls Diet Shakes Over Bacteria Contamination Fears
Former Wrestling Star Umaga Dies Of Heart Attack
Former 'Gay Days' Officer Had Sex While On Duty
Baucus denies 'affair' with ex-aide
Opposition scores gains in Taiwan local elections
CAPITAL CULTURE: When folks swarmed People's House
Ailing Thai king calls for unity on 82nd birthday
Pakistani court postpones Mumbai attack trial
Tiger's troubles widen his distance from blacks
At war, honored for peace: Obama's tricky moment
FACT CHECK: Unprovable claims stoke health debate
More French museums reopen but strike goes on
Rolling Stone Ronnie's a nightmare says girlfriend's granny |
Elite US squad flies for survival in Afghan war
German firms complain of tight credit, intrusive banks
US-TECH Summary
Firework blaze in Russian nightclub kills at least 109 |
Israeli MP sees Shalit deal in weeks
Greek police detain dozens before teen killing demos
Uighurs flee China, seek asylum in Cambodia: exile group |
Hundreds protest New York 9/11 trial
Europeans shy away from Google Android phones
Iraq VP: 'Optimistic' signs on election accord
Iran bans foreign media cover as student rally nears
Bolivia's Morales seen cruising to re-election |
Apple acquires online music company Lala: WSJ
Saudi hails 'perfect' oil price, stable market
Internet down in Iran ahead of planned protests
Iran needs 20 uranium enrichment plants: atomic chief
Hermit North Korea faces UN test over human rights |
Philippines seizes more ammo in the south |
Stuck in crisis, Romanians vote for president |
Britain's queen writes to editors over paparazzi |
Venezuela arrests bank chief close to government |
Europeans shy away from Google Android phones |
2 men, 43 horses killed in barn fire in Ohio
Rocket launches Air Force satellite from Fla.
Student charged in Binghamton U. professor's death
Three men arrested over deadly Indonesia fire
New Malaysia anti-graft chief vows to regain trust
Malaysia anti-graft chief to 'redeem integrity'
US envoy due in Seoul on N. Korea nuclear mission
Prehistoric mammoth site in Waco opens to public
Gunpowder truck explodes in China, four dead
Gates: Afghan relationship will begin to change
Taiwan's Ma mulls China policy after vote: analysts
Hermit North Korea faces test over human rights
AP source: Billy Joel's daughter took pills in NYC
Philippines to charge clan leaders with rebellion
Philippines imposes martial law in massacre region
Gates: No good intel on Osama bin Laden in years
First US ambassador to the Vatican dead at 95
New Zealand man injects sleeping wife with HIV
Billy Joel's daughter in New York hospital |
GM Daewoo to recall over 30,000 cars in S.Korea
Chinese wind power companies target global markets
US-ENTERTAINMENT Summary
China approves Yanzhou bid for Felix Resources
Billy Joel's daughter in New York hospital
Sri Lanka back on investment radar
French immigration fears cloud identity debate
South Korea lures foreign investors with merger deals
Ecuador leader: Negotiating with China like pulling teeth
Anyone up for 200-year cognac?
Trapped in Turkmenistan, students long to go abroad
Rolling Stone Ronnie's a nightmare says girlfriend's granny
Indian court deals blow to Ambani gas project
Destroyed US town a model of eco-living as it rebuilds
Families bury dead from Russian nightclub blaze
Iran slows Internet access before student protests
Russia's Perm mourns, anger voiced after club fire |
Google responds to newspaper critics
UAE stocks recover after Dubai debt crisis losses
U.S. envoy in South Korea; Pyongyang nuclear talks next |
Former Wrestling Star Umaga Dies Of Heart Attack
Karzai to unveil Afghan cabinet in days: official |
Israeli settlers step up protest against freeze |
Guinea leader's health no cause for concern: doctor |
Turkey says no more troops for Afghanistan |
Iraq cuts short nightlife revival with bar closures |
Australia in $82 bln gas deal with Japan
Rat cooking lands TV show in hot water
US service member killed in eastern Afghanistan
1 shot, another beaten in fight at Baltimore hotel
Thousands urge sharia law to stem Indonesia graft
Bin Laden's location unknown for 'years:' US
Malaysia recalls UN envoy over Iran nuclear vote
Obama meets with lawmakers, honors arts legends
U.S. envoy in South Korea; Pyongyang nuclear talks next
Myanmar charges detained fishermen: official
Taiwan media: Local elections warning for Ma
Comoros legislative polls open
New Zealand house prices rise in November
Taobao captivates Chinese e-tycoons, big and small
2,000 demonstrators protest Indonesian corruption
Saudi Grad Student Stabs To Death New York Professor
EU Clears Merger Of Towers Perrin And Watson Wyatt, Subject To Conditions
Gainsbourg, Beck bring out joint album
Rat cooking lands TV show in hot water
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01