in News Departments > FYI
print the content item

GE has announced a joint venture with Harbin Electric Machinery Co. Ltd. (HEC), a subsidiary of Harbin Power Equipment Co. Ltd., to manufacture and supply wind turbines to its customers in China. The deal enhances GE's ability to compete in China's $13 billion wind industry segment, according to the company.

"This is an important investment in China for GE and one that will enable us to participate in the tremendous growth potential of the Chinese wind turbine segment," says Jack Wen, president and CEO of GE Energy China.

The new company will manufacture GE-designed wind turbines for near-shore and offshore applications in China. Under the new joint venture, HEC will own 51% and GE 49% of the company. As part of the overall wind partnership, HEC is purchasing a 49% interest in the existing GE Shenyang Wind factory, which will continue to manufacture land-based wind turbines.

GE will work with the new joint venture to develop wind turbines for offshore projects in China using direct-drive technology. The joint venture will also provide customer and sales support, as well as commissioning and maintenance services to help customers maintain their fleet.

SOURCE: GE Power & Water


Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
UnitedEquip_id1995
Future Energy_id2008