BEIJING, Jan 25, 2008 -- AsiaPulse

With advanced technologies introduced from abroad, China's wind power generator manufacturing industry has grown rapidly in recent years, and many listed companies have participated in this development.

But the problem is that many Chinese enterprises are still in the stage of absorbing introduced technologies, and are yet to grasp key technologies.

Thanks to the promulgation of "Renewable Energy Law" and a series of policies and measures that encourage development of renewable energy, a campaign of large-scale development of wind power resources has been kicked off.

Chinese Wind Energy Association predicts that the newly increased installed capacity of wind power in China will reach 2.4 million kilowatts (kW) in 2007, bringing total wind power capacity to five million kW, completing the target set by the National Development and Reform Commission (NDRC) three years ahead of schedule. China's market demand for wind power generators was 43 MW in 1999 and 2,407 MW in 2007, up 56 times in eight years and the compound growth rate reached 65.5 percent.

As China is still in the preliminary stage of wind power development, it is expected that the country's demand for wind power generator will grow at a high speed in the next three years and may reach 3.61 million kW in 2008, 5.05 million kW in 2009 and 6.57 million kW in 2010, up 50 per cent, 40 per cent and 30 per cent year on year respectively, and compound growth in the three years will reach 40 per cent.

It is expected that wind power generators will remain in short supply in China before 2009.

(XIC)

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