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Chinese Wind Turbine Dominance: Driving Down Costs
Affordable and Efficient Energy
Chinese-made wind turbines are rapidly gaining popularity around the world, thanks to their low cost and high efficiency. According to BNEF, Chinese turbines are now 20% cheaper than those of US and European manufacturers. This price advantage has helped China to capture a significant share of the global wind market, accounting for 65% of capacity installed in 2023.
Top Chinese Manufacturers
Four Chinese wind turbine original equipment manufacturers (OEMs) now rank among the top five global players. Windey, a leading Chinese manufacturer, has emerged as a major force in the industry. In 2021, Windey became China's first machine manufacturer to achieve wind power off-grid hydrogen operation and maintenance experience. The company's innovative approach has helped it to become one of China's top three turbine makers, alongside Goldwind and Envision.
Global Energy Transition
The growing dominance of Chinese wind turbine manufacturers is playing a significant role in the global energy transition. By providing affordable and efficient wind power solutions, these companies are helping to reduce reliance on fossil fuels and accelerate the transition to renewable energy. As China continues to invest in wind turbine technology, it is likely that Chinese manufacturers will continue to play a leading role in the global market.
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