Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Chinese companies wish to work for US wind market

byCustoms Today Report
21/05/2015
in Latest News
Share on FacebookShare on Twitter

BEIJING: “After completing the construction of 14 wind turbines this year, Haizhuang plans to build 25 to 50 turbines in the United States next year,” said Yang Benxin, chairman of CSIC (Chongqing) Haizhuang Windpower Equipment at the WINDPOWER 2015 Conference and Exhibition.

WINDPOWER 2015, the largest annual wind energy trade show in the western hemisphere, attracts about 400 exhibitors this year, including wind major energy companies like Vestas, General Electric (GE) and Siemens. Several Chinese companies have also set up booths introducing their companies while meeting potential clients.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

“We have attended this exhibition several years now but this is the first time we rent a booth, as we are building 14 wind turbines in the state of Iowa. We need to make a debut here,” Yang told Xinhua at the company’s booth.

Haizhuang is a top 10 Chinese wind turbine manufacturer. It entered the US wind power market in 2012, building two prototype wind turbines of 2 MW each in Iowa, to tap the US market.

“That two prototype turbines have been running very well in the last three years. Through these, we test our technology and learn the operation and management of the US wind power market, as well as its requirements on environmental protection, land use and grid access,” Yang said.

The United States is the world’s second largest wind market after China in installation capacity and the US market is fully developed with considerable profits, which is attractive for Chinese companies.

Since Chinese companies have just started to enter this market and occupied less than one percent of total market share, there is still room for them to develop in the US.

Goldwind, the world’s second largest wind turbines suppler based in Xinjiang, China, came to the US in 2010. After five years of development, it has built about 100 wind turbines in the vast country.

“For a new company in the United States, this performance is quite good,” David Halligan, CEO of Goldwind USA, told Xinhua at the exhibition.

Halligan said it still needs time to educate customers to accept the permanent magnet direct-drive technology that Goldwind uses in manufacturing wind turbines and the US market is very competitive, dominated by GE, Siemens and some other big wind enterprises.

Having the ambition to further explore the US market, Yang said he wanted to do it step by step considering the difference between China and US market. “First prototype, then small quantities, finally mass quantity supplier is the way we choose,” he said.

Yang also wants to introduce local investors to share building cost of wind turbines if they can get more orders in the US in the future.

Ming Lin, deputy manager of Market Development Center of Guodian United Power, China’s second largest wind turbine producer, told Xinhua that patent is a critical element for Chinese companies to watch out in the US market. “Our wind turbine is developed based on double fed technology, similar to that of GE, which owns quite a lot of patents in this area. If we can expand our share in the US market in the future, we need to study the patent issue,” he said.

 

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

China’s BoCom wants to take 80% share of Brazil's BBM

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.