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Hyundai Heavy to build wind turbine plant in China
(Xinhua)
Updated: 2010-04-01 16:05
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SEOUL: South Korea's Hyundai Heavy Industries Co, the world's leading shipbuilder, said Thursday that it has signed a joint venture deal with China's State-owned Datang Shandong Power Generation Co to build a wind turbine plant in China.
The plant will be built in Weihai, China's Shandong province, and is expected to produce 300 turbines annually, each with a generating capacity of 2 megawatts, from January 2011, Hyundai Heavy said.
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China's wind energy market is expected to grow into a $150 billion industry with a 100 GW wind power energy capacity by 2020, according a recent report by the American Wind Energy Association.
