Chinese Wind Powered Turbines Manufacturer is Prosperous
Five years ago, General Electric, Danish Vestas and other foreign Wind Powered Turbines Manufacturers controlled 71% of Chinese market. With the
Chinese government increasing the input of renewable energy sources, western companies is facing more and more fierce competition from china. By the end of last year, though the sales are increasing, its share of Chinese market reaches 14%. "This is a hard market," said Jesus Zaldua, the president of Gamesa China, the branch of Spain Gamesa. Gemesa has 4 Wind Powered Turbines Manufactories in Tianjin. "Some companies have to leave China in the future five years.
Nowadays, china has become the most rapid increasing renewable energy sources market. According to Bloomberg New Energy Finance, Chinese mainland plans to add 18 billion watt Wind load capacity. As New Energy reported, Chinese largest foreign manufacturer Vestas installed 620 megawatt Wind Powered Turbines last year. The mainland's biggest wind powered Turbines Company Sinoval sells 3523 megawatt wind powered turbines. Sinoval and China's second-largest wind powered turbines manufacturer Goldwind Science and Technology are already among the world's top five turbines manufacturers. In addition, parts of Chinese enterprises are actively investing into overseas market. However, the advanced technology mastered in foreign enterprises reflects Chinese enterprises' disadvantages. Western banks prefer to provide financing to large scale project out of China, especially to American and European Wind Powered Turbines Manufacturers. The Global wind research director of Barcelona's Emerging Energy Research Keith Hays said," till now, Western enterprise have advantage on quality, but Chinese enterprises are catching up quickly.