Latest News:  
Beijing   Sunny    20 / 5 ℃  City Forecast

People's Daily Online>>China Business

Wind power market to lose puff this year

By  Liu Yiyu  (China Daily)

14:06, April 05, 2012

China's wind market bubble will deflate as the industry enters the worst year in its history, said the Spanish wind turbine maker Gamesa.

"The first half of 2012 is the worst time in the last four years, triggering a faster industry consolidation," said Jorge Calvet, chairman of the company.

Even though China consolidated its position as the world's wind power leader in both newly and cumulative installed capacities in 2011, with 18 gigawatts of wind turbines installed, that was down 6.9 percent year-on-year.

As a result of the slowdown, Gamesa received no orders in the first quarter of 2012.

"We will see even faster deflation in the first half of 2013," Calvet said.

The Spanish turbine maker is the only wind company that recorded higher profits in 2011.

China's wind industry has excessive capacity, going from 10 to 12 manufacturers in 2005 to more than 85 in 2011, according to Calvet.

Li Junfeng, director of the China Renewable Energy Industries Association, said China's wind power industry encountered many difficulties in 2011, including slower wind farm construction and many accidents in the sector, but nevertheless managed to overcome all the hardships and demonstrated excellent performance by the end of the year.

In addition, quality issues last year led to the disconnection of 702 wind turbines from the power grid in the city of Jiuquan in Gansu province and 644 wind turbines in Zhangjiakou, Hebei province.

Since then, China has attached greater importance to wind turbine quality.


【1】 【2】

Email|Print|Comments(Editor:燕勐)

Leave your comment1 comments

  1. Name

Creamofsumyongguy at 2012-04-05173.238.175.*
So does that mean China will focus on Solar??
  

Selections for you


  1. Storm pounds Buenos Aires

  2. 8th Dahe spring auto show held in C. China's Zhengzhou

  3. Thunderstorm hits Hong Kong

  4. China's own watch brand Sea-Gull prospers in decades

Most Popular

Opinions

  1. Anelka cannot save Chinese football
  2. Quick stop to good progress in N.Korea
  3. EU urged to do Chinese companies justice
  4. A hard-earned, favorable turn for Syria issue
  5. BRICS mulls joint bank
  6. How far away are we from nuclear terrorism?
  7. Benefits, not values, define BRICS unity
  8. China slams Japan's move over Diaoyu Islands
  9. More efforts needed for enhancing nuclear security
  10. Chinese solar companies to fight US tariffs

What's happening in China

3-year drought lingers in Yunnan, SW China

  1. China publishes names of six terrorists
  2. Fudan scientists breed long-fiber cotton
  3. Import duty cut praised
  4. China's Suning to open 426 chain stores in 2012
  5. Service business index rebounds in March

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai