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Chinese eye domination of wind turbine market

Wed, 05/26/2010 - 2:26am
Reuters

HONG KONG/LONDON (Reuters) - After sparking a massive price war and wreaking havoc on earnings at European and U.S. makers of crystalline silicon solar cells and panels, China now has established wind turbine manufacturers in its sights.

While Denmark's Vestas and U.S. conglomerate General Electric were still the top two wind turbine suppliers in 2009, according to Danish consultancy BTM, Chinese firms are coming up fast.

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