Chinese Wind Turbine Maker Is Now World’s Largest

Feb 23, 2016

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By Daniel Cusick

General Electric Co. has ceded its position as the world’s No. 1 wind turbine manufacturer to a Chinese competitor, according to 2015 market data compiled by Bloomberg New Energy Finance.

Xinjiang Goldwind Science & Technology Co. Ltd. received orders for 7.8 gigawatts of new wind turbines in 2015, exceeding GE, which dropped to No. 3 globally with 5.9 GW of new commissioned capacity, according to BNEF. Vestas Wind Systems A/S of Denmark attracted 7.3 GW of new orders in 2015, solidifying its No. 2 ranking in the global supply chain.

While Goldwind maintains a North American headquarters in Chicago and has provided turbines to several U.S. wind farms, BNEF said that almost all of the company’s recent growth was in the Chinese market, where wind power developers are riding an unprecedented boom. About 29 GW of new capacity came online in China last year alone (ClimateWire, Feb. 2).

David Halligan, CEO of Goldwind Americas, said Goldwind is pleased to be at the forefront of a global wind market that “is growing at an exponential rate.”

“While Goldwind’s anchor is in China, our global aspirations remain strong and we are continuously looking for opportunities across many different geographies,” he said in email.

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4 comments on “Chinese Wind Turbine Maker Is Now World’s Largest

  • 1
    NearlyNakedApe says:

    As expected. Thanks to the climate deniers and religious nuts in the Republican Congress and their financial ties to lobbyists for big oil and coal corporations, America is well on its way to missing the Green energy technological boat and the huge potential for economic growth it carries.

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  • NearlyNakedApe #1
    Feb 25, 2016 at 10:37 am

    Other news:-

    So who are the top 10 solar panel makers these days?

    IHS released its ranking today that put Trina Solar as the top shipper of solar panels in 2014, followed by Yingli Green Energy. Both companies are based in China, which has dominated the solar equipment manufacturing business for many years now.

    In fact, six of the 10 manufacturers ranked by IHS are Chinese

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  • In the UK, carbonacious Cameron’s pandering to Tory climate change deniers, and the gas and coal industries, is being exposed as government claims are compared with realistic effects!
    Sudden cuts to UK renewables subsidies have spooked investors and could lead to higher energy bills, MPs say.

    Ministers said they needed to cut subsidies to force bills as low as possible.

    But the Energy and Climate Change Committee says the government’s sudden policy shifts on energy have hit investors’ confidence.

    It warns lenders may respond by putting a risk premium on future investments in clean energy.

    This in turn may lead, perversely, to bills increasing not decreasing in the long run.

    Angus MacNeil, committee chair, said: “Billions of pounds are needed to replace ageing energy infrastructure, maintain secure energy supplies and meet climate change targets. “The government made a number of sudden and unexpected changes to policy. This has spooked investors.

    “In the same way that someone with a poor credit rating will have to pay higher interest rates when they take out a bank loan, so an energy project that is perceived to be higher risk will have to pay a higher risk premium.

    “Any increase in the cost of capital will ultimately get passed on to consumers through higher bills.”

    So as usual, ideologically motivated politicians flip-flopping about, are a negative influence on constructive business planning!

    The committee points out that ministers have cut support for solar and onshore wind, ended the “Green Deal” energy efficiency programme and cancelled a project for carbon capture and storage (CCS) – a technology the Prime Minister previously referred to as “crucial”.

    Siemens pointed in evidence to what they say are contradictory statements from government:

    Decarbonising at lowest cost, while halting onshore wind

    Giving local people a say in wind farm consents, but not shale gas

    Claiming to “let markets decide” when the energy market is heavily influenced by government

    “It’s so obvious that one wonders why a select committee has to point this out to the Treasury – but apparently it is necessary, given the continued sense that UK energy policy is drifting aimlessly.”

    The MPs want Mr Osborne’s National Infrastructure Commission to be tasked with investigating the need for new energy infrastructure. They point out that no energy infrastructure is being built in the UK without some sort of government subsidy.

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