Xinjiang Goldwind Overtakes GE As Leading Onshore Wind Turbine Maker

Data from Bloomberg New Energy Finance’s Global On-Shore Wind Ranking 2015 reveals that a Chinese competitor, Xinjiang Goldwind Science & Technology Co Ltd (HKG:2208, SHE:002202, OTCMKTS:XJNGF) is now the world’s leading wind turbine manufacturer.

Last year’s leader General Electric (NYSE:GE), dropped to third place.

Xinjiang Goldwind’s ascent was largely driven by China’s booming wind energy market which accounted for nearly 50% of global wind energy capacity addition in 2015.

China’s wind power capacity has been surging since 1997.

China's cumulative onshore wind capacity by year, 1997-2015

 

 

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