XEMC invests EUR20 million in Darwind

CHINA: XEMC is to invest €20 million in its European subsidiary XEMC Darwind with the aim of increasing its turbine R&D.

An XEMC 115 being installed
An XEMC 115 being installed

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XEMC said the new investment will increase the registered capital of Netherlands-based Darwind from €90,000. The aim is for Darwind to use the money on the development of offshore turbines. (update 2 October - there have been reports XEMC has been in talks with offshore manufacturer BARD).

In July 2009, XEMC purchased Darwind for €10 million. Darwind started to develop 5MW direct drive permanent magnetic offshore wind turbines for XEMC in 2007.

In May 2011, it delivered the prototype to the Netherlands. In September 2011, XEMC connected the 5MW prototype to the grid in Medemblik, northern Netherlands. In March 2012, XEMC installed another 5MW prototype in Fuqing, Fujian province.

In face of heavy competition in the Chinese market, XEMC, like other leading Chinese wind turbine makers, are looking to overseas markets.

In March this year, XEMC Darwind BV signed an agreement with Windcraft Fit of Germany to sell the latter 10 units of 5MW wind turbines. The turbines will be delivered by 2015.

The turbines will be installed in Alberto demonstration offshore wind farm 93km away from Juist Island, North Sea, Germany. XEMC Darwind BV will supply a package of services including turbine supply, installation and after-sale maintenance.

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