Home » Finance » Sinovel, Goldwind May Lead Acquisitions in Wind Energy, PwC Says

Sinovel, Goldwind May Lead Acquisitions in Wind Energy, PwC Says

As Panchabuta has earlier mentioned, KSK Energy  intends to procure 250 MW of wind turbines from Dongfang Electric Corporation Ltd of China. The companies were to sign a contract on December 15, 2010 in New Delhi during the visit of the Chinese Prime Minister, Mr Wen Jiaban, to India. The contract was since signed according to this report.

In April this year, Shanghai Electric had signed an agreement with KSK Energy of India to export 125 units of 2MW wind turbines to India.

As readers of Panchabuta might be aware, Sinovel the largest wind turbine manufacturer has also made a silent entry into India last year with a couple of wind farm installations.

According to reports, China’s two-biggest wind turbine makers, Sinovel Wind Group Co. and Xinjiang Goldwind Science & Technology Co., may be preparing to acquire smaller producers as the industry consolidates, PricewaterhouseCoopers LLP said.

Flush with funds from initial public offerings, Sinovel and Goldwind are positioned to compete against western rivals such as Vestas Wind Systems A/S, Gamesa Corp Tecnologica SA (GAM), General Electric Co. and Siemens AG in the market for larger turbines, the business advisory company said in a report.

“Sinovel and Xinjiang Goldwind will provide formidable competition,” said the report on global renewable energy deals released in India today.

Comments are closed.

Scroll To Top