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• Tapping into China's Wind Turbine Market

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  TU ABBY

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  Tapping into China's Wind Turbine Market

  The financial crisis last year has seen many multinational companies slow down or even halt new investment around the world, however, the vast opportunities in the renewable energy sector both in China and worldwide have continued to drive investment in the production of wind power equipment.
  
  This week, RightSite takes a closer look at the landscape of China's wind equipment manufacturing sector and highlights potentially lucrative areas for investment. The rise of oil prices over the last two years has driven increased investment in new energy sources worldwide. In China, this movement toward renewable energy has meant rapid movement toward achieving and even exceeding its wind power goals. In 2007, China set targets of installing 5 gigawatts of wind power capacity by 2010 and 30 gigawatts by 2020. Given the current pace of development, however, China's is on track to reach its 2020 goal of 30 gigawatts by the end of 2010 – a full decade ahead of schedule. Establishing this capacity would give China the second largest installed wind power capacity in the world.
  
  In monetary terms, the wind power sector attracted over RMB 340 billion in foreign investment to China during 2008, accounting for over 20% of global investment in the wind power sector.
  
  To read the full article, please visit: http://rightsite.asia/en/article/tapping-chinas-wind-turbine...
  
  • 20 Nov 2009, 09:41 am
  TU ABBY wrote: > The financial crisis last year has seen many multinational companies > slow down or even halt new investment around the world, however, the > vast opportunities in the renewable energy sector both in China and > worldwide have continued to drive investment in the production of > wind power equipment. > > This week, RightSite takes a closer look at the landscape of China's > wind equipment manufacturing sector and highlights potentially > lucrative areas for investment. The rise of oil prices over the last > two years has driven increased investment in new energy sources > worldwide. In China, this movement toward renewable energy has meant > rapid movement toward achieving and even exceeding its wind power > goals. In 2007, China set targets of installing 5 gigawatts of wind > power capacity by 2010 and 30 gigawatts by 2020. Given the current > pace of development, however, China's is on track to reach its 2020 > goal of 30 gigawatts by the end of 2010 – a full decade ahead of > schedule. Establishing this capacity would give China the second > largest installed wind power capacity in the world. > > In monetary terms, the wind power sector attracted over RMB 340 > billion in foreign investment to China during 2008, accounting for > over 20% of global investment in the wind power sector. > > To read the full article, please visit: > http://rightsite.asia/en/article/tapping-chinas-wind-turbine-market