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Wind Power Cost in China Expected to Reduce By a Further 30% By 2010

Posted on: Thursday, 25 October 2007, 00:00 CDT

Research and Markets (http://www.researchandmarkets.com/reports/c72476) has announced the addition of China Wind Power Equipment Manufacturing Report, 2007 to their offering.

Improved technologies and increased output results in wind power cost to continuously drop, to a nickel/kilowatt-hour. Wind power cost is expected to further reduce by 30% by 2010, which has been close to the regular energy cost.

In 2006, newly-increased installed capacity of wind power in China was 1337 MW, accounting for 8.9% of worlds total newly-increased, up by 165.83% year on year. The installed capacity of wind power in China by 2006 accumulated to 2604 MW, accounting for 3.5% of global total, up by 105.29%.

Overseas manufacturers have great advantages in China's wind turbine market, and they shared 55.10% of newly-increased installed capacity and 65.92% of total installed capacity of China in 2006. Vestas, Gamesa and GEWind are the top three, respectively responsible for 18.73%, 18.63% and 10.74% of total installed capacity of China.

Currently, China's domestic-funded wind turbine manufacturers include mainly Goldwind, Sinovel, Windey, Dongfang Steam Turbine and HEC, of which, Goldwind is dominant with market share in 2006 reaching 80.81% among China's domestic-funded wind turbine manufactures and newly-increased installed capacity accounting for 33.29% of total newly-increased. By the end of 2006, the market share of Goldwind accumulated to 83.36% among China's domestic-funded wind turbine manufacturers and installed capacity accounted for 25.68% of total.

1 Overview of wind power development in the world

1.1 Global wind energy resources are rich in reserves

1.2 Wind power cost constantly drops

1.3 Global wind power installed capacity sees a rapid growth

1.4 Wind power industry in Occident countries comes to a high level

2 Bright prospect of China's wind power industry

2.1 Wind energy resources in China is abundant

2.2 Wind power installed capacity of China is speeding up

2.3 China's relevant policies tend to be favorable

3 China's wind turbine manufacturing faces great opportunities

3.1 Overseas wind turbine manufacturers successively set up factories in China

3.2 A group of excellent enterprises appear in China's wind turbine manufacturing

3.3 China's wind turbine manufacturing faces favorable opportunities

4 Major listed companies

4.1 A large number of listed companies join in wind turbine manufacturing

4.2 Profiles of key listed companies of wind turbine manufacturing

5 Risks in wind power equipment manufacturing

5.1 Risks from policies

5.2 Risks brought by enhanced wind power technologies

5.3 Risks caused by fierce competition

Change of wind power cost in the world

Accumulated installed capacity of wind power in the world

Newly-increased installed capacity of wind power in the world

Global distribution of installed capacity of wind power

Global Top 10 countries by installed capacity of wind power by Dec 2006

Global Top 10 countries by newly-increased installed capacity of wind power in 2006

Wind energy distribution in China

Accumulated installed capacity of wind power and growth in China

Forecast of installed capacity of wind power in China

Power generation costs by power supply 2005

Arrivals of international wind turbine manufacturers in China

Market shares of Chinese wind power equipment manufacturers, 2006

Listed companies involved in wind turbine manufacture

For more information visit http://www.researchandmarkets.com/reports/c72476.

Source: Business Wire

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