Wind turbine maker plans first big Chinese-built plant in Europe thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Wind Electricity Industry To Grow At Rate Of 13% With Increasing Clean Energy Investments einnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from einnews.com Daily Mail and Mail on Sunday newspapers.
Wind-Power Equipment-Makers Post Record Sales as Subsidies Die Down
China’s wind power equipment makers posted record sales last year, as the country took steps to boost contributions from non-fossil fuel power sources and builders scrambled to set up new wind farms with the looming expiration of government subsidies.
Many companies noted in their annual reports that sales were being buoyed by the rush to build new wind power farms to take advantage of subsidies that ended last December for land-based projects and separate subsidies that will end later this year for sea-based projects.
“The countdown is on for national subsidies. The year 2020 was a rush for land-based wind power. And 2021 will become a rush for sea-based wind farms,” said Ming Yang Smart Energy Group Ltd. (6016015.SH), whose annual report showed its sales last year rose 132% to equipment with 5.7 gigawatts (GW) of capacity.