Foreign Wind Firms Struggling to Win Chinese Orders

With vast resources, strong government support and a growing manufacturing base, China is en route to become the world’s largest market for wind power. 

But foreign turbine manufacturers such as Vestas (VWS.CO), Gamesa (GAM.MC) and Suzlon (SUZL.BO) are claiming that they are being shut out by developers, despite efforts to jump through government-mandated hoops. 

These localization rules require the turbine makers to source and build 70% of their equipment in China.

Chinese officials say there is no discrimination against foreign firms. Nonetheless, GE (NYSE: GE) reportedly has pulled out of the bidding process for at least one major offshore wind development. 

Read full Reuters coverage at the link below.