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Hewind's 2000 MW pipeline of projects under development
1 March 2008
China's Huayi Electric Company Limited, which turned its hand to wind power development only last year, reports that its subsidiary Zhejiang Hewind has a pipeline of 2000 MW of contracted wind projects under development. Huayi is already a producer of 750 kW and 780 kW turbines and has a 1.5 MW model being developed with Germany's Aerodyn in the pipeline. "One of the reasons that Hewind decided to develop wind farms is to test our new products," says Hewind boss Wu Yundong, who was one of the founding members of Windey, which used to be China's second largest turbine supplier. Hewind's latest project deals include an agreement to develop a 200 MW wind plant in North China's Inner Mongolia Autonomous Region and a 10 MW wind farm at Tiantai Mountain in East China's Zhejiang Province. It is aiming to develop 3000-5000 MW of wind capacity in the next five years, with a view to selling the projects at the pre-construction stage on the condition that Hewind turbines are used. The company intends to retain a 10% interest in each project. "Our clients will find the pricing competitive in purchasing our wind farms, compared with developing on their own. We should have no worry of selling them," says Wu. The company's ambition is to become a complete one-stop shop for wind project development. As well as developer and turbine supplier, it plans to produce its own range of wind components including blades, nacelles, gearboxes and generators. Huayi is a private manufacturing company, listed on the Shanghai Stock Exchange in 2000.
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