Orsted does not rule out Chinese turbine technology. (Photo: Orsted)
China’s low-cost wind turbines are moving into Europe, raising concerns among local companies. Ørsted, the world's largest offshore wind developer, has also indicated that it may consider importing turbines or technology from China in the future, which could deepen European companies' fears of Chinese market encroachment.
Chinese companies expand into Europe with low-cost strategies
Chinese company Mingyang Smart Energy recently announced a cooperation agreement with Italian energy company Renexia and the Italian Ministry of Industry to establish a turbine manufacturing plant in Italy. Earlier in July, Mingyang was also listed as a priority supplier by German clean energy asset company Luxcara, potentially marking the first instance of European offshore wind farms using Chinese turbines, which has raised concerns from the German government.
