Siemens to put more into Chinese wind market
TIANJIN, CHINA - Siemens will additionally inject over CNY 500 million (Chinese Renminbi) into its two ventures based in Tianjin, north China, Siemens Mechanical Drive Systems Co., Ltd. and Winergy Drive Systems Co., Ltd.
Some of the inputs will be used to enlarge the electric and electronic giant's production capacity of wind power equipment in China. Presently, Siemens is brewing building a wind power equipment plant in Shanghai, which will start operation in the second half of 2010.
The Siemens President and CEO Peter Loescher discloses that the production base will supply wind power equipment not only to China, but also to other Asian countries. He is bullish on the prospects of the wind power market and reiterates that his company has technology advantages.
By the end of 2008, China's wind power installed capacity had reached 12,170MW. A top executive of Siemens Northeast Asia in charge of energy operations points out that surplus production capacity only exists in the country's low-end field. Siemens will quadruple its production capacity of wind turbines within two years.
Related News

Hydro One will keep running its U.S. coal plant indefinitely, it tells American regulators
TORONTO - The Washington power company Hydro One is buying will be ready to close its huge coal-fired generating station ahead of schedule, thanks to conditions put on the corporate merger by state regulators there.
Not that we actually plan to do that, the company is telling other regulators in Montana, where the huge coal-fired generating station in question employs hundreds of people. We’ll be in the coal business for a good long time yet.
Hydro One, in which the Ontario government now owns a big minority stake, is still working on its purchase of Avista, a private power utility based in…