Concerns about changes to the wind industry are real, and the target has been drawn on GE’s back, along with other current leading manufacturers of wind turbines. Just as China overtook the majority of solar panel sales, it is poised to strike again as the country has rallied behind its own manufacturers like Sinovel and Goldwind with a $15.5 billion state-backed credit.

Sinovel and Goldwind have both recently celebrated their first sales abroad, a sure sign of the things to come. Despite efforts by companies like GE and Siemens to source from low cost countries, China’s manufacturers are still able to undercut their competitors by roughly 10%., translating to more business for them. Case-in-point: Brazil’s Devenix SA, a wind developer has ordered 22 Sinovel turbines last month. It’s CEO had this to say, “[t]he Chinese dragon is coming.” See the article.