Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle

TARANTO, Italy — Chinese wind turbine manufacturers have thrived on the rapidly growing home market. Now it wants to expand overseas, putting more pressure on Western wind turbine manufacturers, which are already struggling to profit from the renewable energy boom.

Ambitions visible near this coastal city follow the heels of Italy’s boots, where Renexia SpA, the renewable energy arm of Italian infrastructure company Toto Holding SpA, recently inaugurated Beleolico, a wind farm offshore 30 megawatts of use Ming Yang Smart Energy Group Turbine Ltd., last month.

https://www.wsj.com/articles/chinese-wind-turbine-companies-seek-global-growth-as-western-rivals-struggle-11652520781?mod=pls_whats_news_us_business_f Chinese Wind-Turbine Companies Seek Global Growth as Western Rivals Struggle

Edmund DeMarche

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