China's Goldwind Plans $200 Million US Wind Farm

Chinas Goldwind Plans $200 Million US Wind Farm
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Δευ, 19 Σεπτεμβρίου 2011 - 18:09
Wind-turbine maker Xinjiang Goldwind Science & Technology Co. (XJNGF, 2208.HK, 002202.SZ) plans to build a $200-million wind farm in Illinois in the latest attempt at clean-energy collaboration between China and the U.S., even as disputes over renewable-energy technology continue to grow.
Wind-turbine maker Xinjiang Goldwind Science & Technology Co. (XJNGF, 2208.HK, 002202.SZ) plans to build a $200-million wind farm in Illinois in the latest attempt at clean-energy collaboration between China and the U.S., even as disputes over renewable-energy technology continue to grow.

The agreement, Xinjiang Goldwind's largest U.S. project to date, is part of ambitious international expansion plans for the company, China's second-largest wind turbine producer by new capacity sold. It underscores the ability of Chinese renewable energy companies to make inroads into the
U.S. , despite widespread criticism in the U.S. that Chinese companies have unfairly benefited from government subsidies.

"The
United States is a key component of Goldwind's international growth," Xinjiang Goldwind Chairman and Chief Executive Wu Gang said in a statement. "Goldwind has generated a competitive global footprint and we are focused on continuing that momentum, continuing to demonstrate our technology advantages and continuing to build out our global supply chain."

The Obama administration hopes it can reinvigorate the country's lagging economy and spur job growth in part by bolstering the
U.S. renewable-energy industry. But some in the industry say Chinese companies undercut U.S. rivals on price because they get generous subsidies from the Chinese government. Under pressure from the Obama administration, China in June agreed to end many subsidies for its domestic wind-power equipment manufacturers.

Illinois Gov. Pat Quinn, on a trade mission to
China , said criticisms of global expansion efforts by Chinese renewable companies were overstated. He said that, just as the U.S. wants China to open its markets to foreign companies, Illinois shouldn't close its market to Chinese wind companies like Xinjiang Goldwind.

"If a Chinese wind developer sees an opportunity in
Illinois , we're going to embrace them with open arms," Quinn said in an interview on Monday.

Xinjiang Goldwind spokesman Yao Yu said half of the parts and components for the
Illinois wind farm would be supplied by U.S. manufactures, such as Broadwind Energy Inc. (BWEN) of Naperville , Ill. The 109.5-megawatt wind farm will be located about 100 miles west of Chicago and is expected to be connected to the grid by about June, Yao said. The project will create a dozen permanent jobs and more than 100 construction jobs in the state, according to the governor's office.

Disputes over wind-power technology are continuing. U.S.-based American Superconductor Corp. (AMSC)said last week it filed suit against
China 's Sinovel Wind Group Co. (601558.SH), the country's largest wind-turbine manufacturer. The suit relates to an American Semiconductor employee in Austria who is being held in that country and faces criminal charges after he allegedly stole company software that controls wind turbines and sold it to Sinovel. Sinovel has denied any wrongdoing.

U.S. Secretary of Energy Steven Chu will be in
Beijing on Thursday to participate in a roundtable on carbon sequestration technology.

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