25 Oct '11, 6pm

Prospects for China Wind Turbine Manufacturers Remain Gloomy

The Chinese government released a series of new regulations and rules during the first six months of this year in a bid to enhance its oversight over the entire wind power sector. In addition, the government issued a series of technical standards in response to a number of incidents of wind turbines being disconnected from the country’s power grid. The price war among China’s manufacturers of complete wind turbines remains fierce. Prices of complete wind turbines have steadily declined in recent years under increasing pressure to reduce their overall manufacturing costs, and as a result, wind turbine parts makers have found themselves the most hurt among those affected by the cut-throat price war. The year 2008 was the most profitable for Chinese wind turbine parts makers, as fast growth in installed capacity across the country led to short supplies of wind turbine parts. ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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