China’s Wind Turbine Makers Face Market Consolidation
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Consolidation may cut the number of wind turbine makers in China, the world’s largest wind market, by two thirds in the next five years as oversupply pressures grow, according to an industry association.
The shakeup, which could leave China with as few as 10 turbine makers, means those with more advanced technology stand the greatest chance of surviving, Shen Dechang, vice secretary-general of the Chinese Wind Energy Equipment Association, said in an interview. Xinjiang Goldwind Science & Technology Co. will grow steadily while Sinovel Wind Group Co. and Dongfang Electric Corp. will fall behind, Shen predicts.