China takes on Western wind turbine suppliers

China's windmill makers face competition head on with at least $15.5 billion in state-backed credit.

According to a Bloomberg report, there may just be a shift to Chinese suppliers as they start offering cheaper machines than their competitors.

China's Sinovel Wind Group Co. and Xinjiang Goldwind Science & Technology Co. clinched their first foreign deals last year and they are paving the way for their entry into the foreign market, including the US, through delivering machines that can weigh 750 tons each.

“The Chinese dragon is coming,” Jose Antunes Sobrinho, chief executive officer of Brazil’s Desenvix SA, a wind developer that ordered 23 Sinovel turbines in September, said in the report.

View the full report here.