Chinese turbine makers have made their local wind power market the biggest in the world with a scorching pace of installations. Now, those giants want to take a larger slice of burgeoning global demand.
Companies including Xinjiang Goldwind Science & Technology Co., Envision Group and Ming Yang Smart Energy Group Ltd. have typically made only small inroads into overseas markets, but they now plan to invest in factories abroad to take market share from European and American rivals such as Vestas Wind Systems A/S and General Electric Co.
China’s largest turbine-maker Goldwind said it will be able to "run shoulder by shoulder” with overseas wind giants starting next year, while Ming Yang has made expanding in the offshore wind market in Europe a top priority.
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