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The eBearing News
August 28, 2008


China Subsidizes Wind Energy Bearings
copyright © 2008 eBearing Inc.

The Peoples Republic of China, Ministry of Finance, had rolled out a program to subsidize domestic manufacturers of wind power generation equipment and components -- particularly targeting sophisticated more bearings and electronics needed to build larger turbines.

By funneling the subsidy funding only through Chinese-owned manufacturers or Chinese-owned holding companies, the government hopes to give domestic development and manufacturing efforts an edge over firms with foreign involvement.

Virtually all of China's current production of advanced wind power equipment is dependent upon components engineering and/or produced by foreign manufacturers and/or foreign-controlled joint ventures.

The official focus of the initiative, "Interim Procedures for Management of Wind Power Generation Equipment Industrialization Special Funds," is to promote an entirely domestic industry for units generating 1 megawatt or more.

China does already have a fast-growing domestic industry producing low kilowatt output wind power units, but those are relatively unsophisticated and are not sufficient to meet the Chinese government's target for wind energy production.

The official government target is for renewable energy sources such as tidal and wind to produce at least 15% of the country's fast-growing energy needs by 2020.

An excellent in-depth article about wind energy in China is here, from The Guardian:
http://www.guardian.co.uk/environment/2008/jul/25/renewableenergy.alternativeenergy
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.


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