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


Advertisement

Trachte_id2056
Latest Top Stories

Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.


Getting A Grip On Grinding Gearboxes: Why Such Events Need Not Be Showstoppers

Despite advances in gearbox reliability - namely, from condition monitoring systems and greater design standardization - challenges remain.

Hybrid Energy Innovations 2015