Larger Turbines May Help China’s Wind Developers, Ming Yang Says

Developers of wind-power projects in China are increasing installations of larger capacity turbines to reduce costs in the world’s biggest market, the chief executive officer of China Ming Yang Wind Power Group Ltd. said.

More than 40 percent of new installations in China in 2012 will comprise turbines with capacities above 2 megawatts, Zhang Chuanwei, the CEO of the company that is China’s only maker of the machines with shares traded in the U.S., said in a Feb. 15 telephone interview. The market is dominated by 1.5-megawatt turbines, according to Bloomberg New Energy Finance, which estimated that the larger machines accounted for less than 10 percent of installations last year.