Latest results from Spanish wind-turbine maker Gamesa reveal that China has grown to be its third most important market. And who said that China does not take renewable energy seriously?
The current boom in wind power means that Gamesa, the world's second largest turbine manufacturer, has its order books full for the next couple of years with 4,500 MW of capacity contracted.
Europe continues to account for the lion's share of orders with 59% followed by the US with 30%. China, meanwhile, accounts for the remaining 11%.
Gamesa clearly hopes it can sell a lot more in China. It plans to open three new component factories in China next year and is looking to certify and develop local suppliers to reduce its dependence on imported technology.
One of the conditions for western manufacturers to operate in China is that 70% of wind-turbine parts have to be locally manufactured.
Last year the Spanish company, through its Gamesa Wind Tianjin subsidiary, opened its first Chinese factory, at Huayuan technology park in Tianjin province.
More on western wind-power manufacturers' moves into China in this story.
Elsewhere on the wind front:
China's largest maker of wind turbines, Goldwind Science and Technology, has scrapped plans for an IPO in the US and will instead list at home some time this year, Reuters reports. China's wind-power manufacturing industry is still small and Goldwind, its largest domestic player, ranked only tenth worldwide in 2006. Still no sign of an IPO from China's second-biggest maker, the wonderfully named Zhejiant Windey Wind Generating Engineering. Last year it announced plans to raise 200m yuan from either a domestic or foreign IPO.
CCID Consulting argues that China should spend more on R&D to boost its domestic wind power industry and so lower the cost of wind power generation. If 70% of the turbines are domestically made, then the costs of wind power could drop by 15%, which at current prices would mean around 0.375 yuan for each kWh. If all the wind power generating units were to be homemade, costs could fall 30%.