Rewritten by Tom McGregor
Companies and governments from around the world are eager to obtain a piece of the action in the booming wind power market of China that is about to surpass the United States as the world's biggest by the end of the year, according to the China Daily.
In 2009, China's wind turbine output accounted for one-third of the world's total with a recently-installed capacity of 13.8 gigawatts that represents 100 percent growth year-on-year, as disclosed by the China Wind Power Outlook 2010.
Finding an appeal to China's commitment to the sector, companies and overseas governments are pursuing opportunities to cooperate with Chinese wind power equipment operators and manufacturers in order to further penetrate the fast-growing market. One of the world's top wind turbine manufacturers, Spain's Gamesa, has established joint ventures with State-owned power producers that includes China Guangdong Nuclear Power Co. and China Longyuan Power Group to get into the wind farm sector of China and raise sales in the nation.
Earlier this year, General Electric (GE) set up a joint venture with Harbin Power Equipment, granting it access to the biggest potential market for wind energy.
Vic Abate, vice president of renewable energy for GE Power & Water, said, "if you look at the development of the China market there is a need to be local, so partnering with Harbin gets us into a prime position."
The Chinese government is encouraging foreign investment and China's overseas investment to transfer into the energy-saving and environmentally-friendly industries, as stated by the vice minister of commerce, Jiang Yaoping.
