Wind Energy
Wind Energy
In the past decade the shift from traditional power plants to renewable energy has been accelerating rapidly, opening up new opportunities in wind energy investments. One of the most inexhaustible sources of renewable energy comes from harnessing the wind. Studies conducted across the globe confirm the enormity of this resource and its potential to meet global electricity demand many times over. A recent collaboration by researchers at Harvard University in the United States and VTT in Finland concluded that “a network of land-based, 2.5 MW turbines, restricted to non-forested, ice-free and non-urban areas, operating at as little as 20% of their rated capacity could supply more than 40 times current worldwide consumption of electricity.”1.
Both domestically and internationally, wind is one of the fastest-growing sources of renewable energy of our time. Technological advances and improvements in both turbines and generators, and repowering capabilities of wind power plants have made wind a viable alternative to conventional power plants. Lifecycle electricity generation costs for wind power plants, ideally placed, cost approximately as much as inexpensive coal burning plants. Installed cost per megawatt for wind power is expected to decrease by more than 20% by 2050. This is a result of the continuous technological innovations that are rapidly reducing turbine costs per megawatt; deployment of larger wind farms, which result in lower average infrastructure costs per megawatt; and lower cost of all manufactured components through economies of scale in production. All in all, these advancements have opened the door to increased acceptance and utilization of wind energy systems, and a growth of wind power investment opportunities with manufacturing companies positioned to meet global demand.
Similar as in the solar power field, we provide service to the wind power plants to get an Export Loan through the Chinese Government. Using the same steps as the solar power plant we will not only provide the export loan but we will also provide equipment and construction service.
Inside China, we are a qualified supplier of Vestas. We also set up business relationships with other wind power equipment suppliers.