We have cnbc stating
"Hexel [HXL 13.02 0.74 (+6.03%) ]—Chinese officials recently announced investing more than $14 billion to more than double China's wind power capacity by 2010. “They just opened a new plant in China, which is going to give them 20 percent growth in the wind segment, and they’re opening a new plant in Colorado,” he said.
Vestas wind system accounted for 11% of HXL sales last year
LOOKS AT WHAT VESTAS IS PLANNING NOW
Denmark's Vestas Wind Systesm (VWS.CO), one of the world's top producers of wind turbines, plans to invest $350 million in its China-based subsidiary in order to meet growing demand for wind power in the country, according to reports.
Since the new year, Vesta China has received several orders for wind turbines, including one from China Guangdong Nuclear Wind Power for a total of 116 wind turbines. Industry Week reported that order was the eigth made by the company, for a total of 500 megawatts (MW) worth of wind turbines.
Vestas also reported sales of 100 MW of turbines for two other projects in China. The developers of those projects were not disclosed.
“As of June 30 2008, Vestas had delivered more than 1,000 turbines to China and we continue to have high expectations for the growing Chinese market,” Lars Andersen, who heads up Vestas's China division, said in the statement.
Vestas China is located in Tianjin's Binhai District, a hub for wind power companies.
China's wind power manufacturing capacity is about 8 gigawatts (GW) and is expected to reach 12 GW by 2010
