Posted on: Thu, 16 Sep 2010 00:45:32 EDT
BEIJING, Sep 16, 2010 (AsiaPulse via COMTEX) --
Mitsubishi Heavy Industries (MHI, TSE:7011) announced on Wednesday that it has agreed to transfer its 2.5-MW wind turbine generator system (WTGS) technology to China-based Ningxia Yinxing Energy (SSE:000862).
The transaction is an extension of a technology transfer agreement between the two companies in 2007, when MHI transferred 1.0MW WTGS technology to the Chinese power generator. Ningxia Yinxiang Energy was then called Wuzhong Instrument in 2007.
A spokesman for MHI said the wind power generation market has showed robust growth, and MHI believes that it will make profit faster through technical cooperation than by setting up manufacturing plants in China or exporting generator sets to the country.
To meet strong local demand for electricity and ensure environmental sustainability, China has accelerated the pace of increasing the coverage of wind power stations. China newly installed over 14 million kW of wind power capacity in 2009.
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