GE and Harbin Electric Machinery (HEC) have formed a joint venture (JV) to manufacture and supply wind turbines for the Chinese market.
The new joint venture company will combine HEC’s capabilities as a supplier of power generation technologies with GE’s capabilities as a wind turbine generator technology provider to capture the wind energy market of China, which is projected to grow from the 2009 level of 25GW to 150GW by 2020.
The new company will manufacture GE-designed wind turbines for near-shore and offshore applications in China.
HEC will own 51% interest in the JV while GE will hold the remaining interest.
HEC will purchase 49% interest in the existing GE Shenyang wind factory, which will continue to manufacture land-based wind turbines.
The JV will use direct drive technology to develop wind turbines for offshore projects in China in addition to providing customer and sales support, and commissioning and maintenance service to help customers maintain their fleet.