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China eyes SA as wind turbine market

Giant wind turbine
“’ China eyes SA as
a possible market.
Cape Town, South Africa — ESI-AFRICA.COM — 16 March 2011 – China’s Xinjiang Goldwind Science and Technology “’ the world’s No.5 wind turbine maker “’ is eyeing South Africa as a key future market as it expands globally in emerging markets.

The company “’ which has achieved an average growth of more than 100% a year since the turn of the millennium “’ listed on the Hong Kong bourse late last year, and intends to use the roughly US $900 million raised to help fund debt and equity projects in Africa, the Americas and Australia.

“Goldwind Africa will not only be looking for projects to supply turbines, but we will also be looking to offer equity and debt financing for selected projects,” Goldwind International deputy director-general Chunhua Li said here.