皇冠体育app

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Hyundai Heavy to build wind turbine plant in 皇冠体育app

(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 皇冠体育app's State-owned Datang Shandong Power Generation Co to build a wind turbine plant in 皇冠体育app.

The plant will be built in Weihai, 皇冠体育app'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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Hyundai Heavy will fund 80 percent of the venture while the rest will be paid by the Chinese power firm, but further financial details will come after future discussions, the shipbuilder said.

皇冠体育app'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.