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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (144468)	9/18/2010 10:26:16 AM
From: Wharf Rat	Respond to of 541698

"It is about scale and political will" Yup Winds of Change Brian Mertens, 09.17.10, 09:40 PM EDT Forbes Asia Magazine dated September 27, 2010 Anyone betting against Chinese ambitions in green power had better run the numbers. China has been doubling wind-power capacity each year in recent years, making it the world's biggest wind-equipment market today. The government plans to spend $265 billion through 2020 to shift the country into generating 15% of its power from renewables, outside of hydroelectric sources. The plan includes a $146 billion investment in seven huge wind farms, situated in northern and coastal regions, which will have a combined capacity of up to 120 gigawatts, six times that of the controversial Three Gorges Dam. Booming right along, Dongfang Electric's sales of wind turbines rose 140% last year to $900 million, placing it third among China's wind-equipment suppliers. Before 2005, when Beijing announced targets for alternative power, the wind business was a niche dominated by foreign companies such as General Electric and Denmark's Vestas. Chinese companies quickly joined the fray: Now more than 70 compete, selling at prices up to a third lower. The share held by foreign outfits has fallen below 30%. The field is expected to consolidate, but that should benefit strong players like Dongfang, says Zhou Jie, an international marketing manager at the company. Sinovel Wind and Xinjiang Goldwind are first and second in China, but they sell wind gear only, whereas Dongfang can offer a full power menu. On the strength of its China business, Dongfang ranks seventh in the global wind market. Now it's eyeing wind exports. The company manufactures wind turbines at its main Sichuan factory and at new facilities in Tianjin closer to big wind stations. Dongfang also targets related smart-grid technology; distribution bottlenecks prevent as much as 30% of China's wind electricity from being used. forbes.com