VORACIOUS CHINA OPENS WIND MARKET

China scraps limits on foreign wind turbine parts
January 12, 2010 (AFP)

"China has scrapped restrictions on the use of foreign parts in wind power turbines…as the nation seeks access to more advanced technology to meet its clean energy targets.

"The decision by the National Development and Reform Commission (NDRC) means wind farms in China no longer have to source at least 70 percent of turbine parts from the domestic market…The restrictions were [reportedly] scrapped late last year but were not announced publicly…The move [is intended to develop China’s wind industry by opening it to "rational competition" and speeding the industry’s technological development]…"

They want to grow wind faster than this. Amazing. (click to enlarge)

"Foreign companies had around 75 percent of China's wind turbine market before the cap was introduced in 2005…That share stood at 25 percent in 2008.

China's installed wind power capacity was forecast to reach 20 gigawatts -- out of a total power capacity of 860 gigawatts -- by the end of 2009…compared with 12.15 gigawatts at the end of 2008."

They want to grow all New Energies in an impressive hurry. (click to enlarge)

"…[with 20 gigawatts, China would] surpass Spain and become the world's third biggest wind power producer after the United States and Germany…

"China, which relies on coal for more than 70 percent of its energy, is the world's largest emitter of the greenhouse gases blamed for global warming…But it has set a target of generating 15 percent of its energy from renewable sources -- mainly wind and water -- by 2020."