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The Next Surprise in China’s Wind Sector Could Be More Mergers

  • Envision’s top executive expects to see sector consolidation
  • Turbine and battery maker is open to public listing in future
Views of Haizhou National Mine Park as China’s Coal Industry Fights for Survival in a Greener World
Photographer: Qilai Shen/Bloomberg
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China’s wind industry is headed for a bout of consolidation after a record-setting rush of installations, according to the country’s second-largest turbine manufacturer.

There’s rising pressure on the country’s crowded field of equipment producers, despite strong demand, Envision Group Chief Executive Officer Lei Zhang said in an interview. “The competition level is increasing,” he said. “The market will start to consolidate.”