GE and Harbin ink China wind turbine deals

Wed Sep 29 2010, 23:26 PM

General Electric (GE) is forming a joint venture with Harbin Electric Machinery (HEC) to produce wind turbines for the Chinese market. HEC will invest CNY186m (USD27.8m) in the venture and own a 51% stake, with GE holding the remaining 49%. Additionally, HEC will pay CNY160m (USD23.9m) to acquire a 49% stake in a GE wind turbine manufacturing plant in Shenyang. HEC is a subsidiary of China’s Harbin Power.

Upgrade Required

To access this content and our full archive of articles, you are required to be a subscriber.

We offer a range of subscription options. Complete the form to request one of our packages.

Production information >>
Already a subscriber? Login >>

Upgrade or Request a Trial