SHANGHAI, Nov 6 (Reuters) - BP Alternative Energy, a unit of oil group BP Plc (BP.L: Quote, Profile, Research, Stock Buzz), has pulled out of a partnership in a wind farm project with a subsidiary of Goldwind Science & Technology Co 002202.SZ, Goldwind said on Thursday.
Goldwind, China's largest maker of wind turbines, said BP had decided to suspend its wind power business in Asia, according to a statement posted on the Shenzhen Stock Exchange.
BP Alternative Energy and Beijing Tianrun New Energy Investment Co, a subsidiary of Goldwind, signed a framework agreement in January to develop wind farms with planned total capacity of 148.5 megawatts (MW) in Inner Mongolia, China's top base for wind power.
A Goldwind statement from January said BP would buy a 49 percent stake in the joint venture.
China ranked as the world's fifth-largest for installed wind capacity in 2007, accounting for about 6 percent of the total 94 gigawatts (GW), according to the Global Wind Energy Council.
Goldwind said the construction of the wind farm was expected to be completed in February 2009, and it was seeking new partners.
BP Alternative Energy combines BP's interests in low and zero-carbon power generation, including wind, solar and hydrogen power.
Showing posts with label Goldwind. Show all posts
Showing posts with label Goldwind. Show all posts
Thursday, November 6, 2008
Friday, October 31, 2008
Report from 2008 Beijing Global Wind Power Conference and Exhibiton
On October 29th 2008 I went to visit 2008 Beijing Global Wind Power Exhibiton, the three day conference and exhibition was held at China International Exhibition Center Beijing China.
It was cloudy and cold on October 29th in Beijing, but the exhibiton was super hot, almost all the major international and China domestic wind power equipment manufacturers are presented there, too many visitors were attracted there also.
The wind turbine manufacturers are the focus of the exhibition, international major manufactures like GE, Repower, GAMESA, VESTAS, SUZLON, Nordex, SIEMENS, American Superconductor, and China domestic major and new suppliers like GoldWind, Sinovel, Windy, United Power, Tianwei Baobian, HAIZHUANG WINDPOWER, CSR ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INSTITUTE, Guangzhou Engga, Harbin SQ Wind Power, HUNAN HARA XEMC WINDPOWER, and Shenyang TENWIND New Energy Equipment are very happy with the crowded visitors.
China wind power industry has obtained strong support from Chinese government, and almost all the good wind power farm locations are reserved or developped by the investors, and the power companies are required to buy all the generated wind power at a fixed price, and the price is different for different wind power projects.
It was cloudy and cold on October 29th in Beijing, but the exhibiton was super hot, almost all the major international and China domestic wind power equipment manufacturers are presented there, too many visitors were attracted there also.
The wind turbine manufacturers are the focus of the exhibition, international major manufactures like GE, Repower, GAMESA, VESTAS, SUZLON, Nordex, SIEMENS, American Superconductor, and China domestic major and new suppliers like GoldWind, Sinovel, Windy, United Power, Tianwei Baobian, HAIZHUANG WINDPOWER, CSR ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INSTITUTE, Guangzhou Engga, Harbin SQ Wind Power, HUNAN HARA XEMC WINDPOWER, and Shenyang TENWIND New Energy Equipment are very happy with the crowded visitors.
China wind power industry has obtained strong support from Chinese government, and almost all the good wind power farm locations are reserved or developped by the investors, and the power companies are required to buy all the generated wind power at a fixed price, and the price is different for different wind power projects.
Some small scale wind power generation systems are shown at the exhibition, they are ideal for small grid off application in remote regions.
At present wind power is the hottest renewable energy sector in China, since the wind electricity cost is not too high, and affordable for the remote applications.
Monday, October 27, 2008
Goldwind Science & Technology
Goldwind Science & Technology, established in 1998, is the market leader in the wind turbine market in China.
In 2006, Goldwind captured 33% market share in China's wind turbine market, is the biggest wind turbine supplier in China and 10th in the world. In 2007, Goldwind Science & Technology kept 25.25% market share in China's wind turbine market, still the No.1 in China, though there are many new wind turbine suppliers in China.
Wind turbines from Goldwind Science & Technology are widely installed in China, and 33 sets of 1.5MW wind turbines are installed for the Beijing Olympic Games.
At present the market demand in China is greater than the supply, the Chinese wind turbine manufacturers are busy with their domestic orders, and Goldwind Science & Technology has some ambitious goal in the international market also.
In 2006, Goldwind captured 33% market share in China's wind turbine market, is the biggest wind turbine supplier in China and 10th in the world. In 2007, Goldwind Science & Technology kept 25.25% market share in China's wind turbine market, still the No.1 in China, though there are many new wind turbine suppliers in China.
Wind turbines from Goldwind Science & Technology are widely installed in China, and 33 sets of 1.5MW wind turbines are installed for the Beijing Olympic Games.
At present the market demand in China is greater than the supply, the Chinese wind turbine manufacturers are busy with their domestic orders, and Goldwind Science & Technology has some ambitious goal in the international market also.
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