Fresh Breeze for Wind Power in China

Chinese wind-power stocks, once given up for dead in the investor doldrums, have roared back to life in recent weeks on expectations of government support for the renewable energy sector and overseas demand.

Investors are betting on future Chinese government policy directives and subsidies that boost profits for manufacturers of wind power turbines, gearboxes, blades, towers and transmission equipment.

They're also betting that multinational wind energy companies such as Vestas,  Siemens,General Electric and Senvion will step up orders for the Chinese-made equipment and parts that are used to build offshore and onshore wind energy farms worldwide.

Contractors building big wind farms, particularly those off the European coast, often buy lower-rung products such as steel towers from China. And tower fabricators such as China's Titan Wind (002531:Shenzhen) are making good money on that demand.

Shenzhen-listed Titan, which is only nine years old and listed in 2010, has seen its stock value climb 55% since the beginning of the year. The company has gotten major contracts from Vestas and GE. And it's currently planning to build a factory in India to complement existing plants in China and Denmark.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OMG Roofing Products  - PowerGrip Universal

OMG Roofing Products - PowerGrip Universal

Eliminate Solar Rack Ballast and Reduce Rooftop Material Handling. PowerGrip™ Universal (PGU) is a commercial roof mount system designed to secure solar racks and other equipment to any type of commercial roofing system. PGU provides a secure connection directly to the roof deck or structural members and is designed to reduce or eliminate ballast in solar racking systems, so there's less weight on the roof and less material handling. Made of heavy-duty cast aluminum, PGU units include a base ring which is secured through the roofing cover and into the structural roof deck, and a waterproof top plate.