Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Wind Wire: Factory sale

Spain's Acciona Energy has sold its 45% stake in its factory in Nantong, China, according to the factory co-owner Hong Kong-based China Energine International (CEI).

CEI says its subsidiary Beijing Energine Industry Co paid CNY 2.8 million ($409,835) for an additional 5% of the factory, which increased its total stake in the facility to 50%. CEI says that Hong Kong firm Chook Bo Group acquired 40% of the factory, which suffered from the intense competition in the domestic wind turbine market and sluggish progress made on domestic production of wind turbines. CEI, which is now developing direct-drive turbines that dispense with gearboxes, will make the factory a supply base for the coastal Jiangsu Province. Acciona did not respond to a request for further confirmation.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs