2010 Deep Research Report on China Wind Turbine Industry

168Report­China Market Research Reports

2010 Deep Research Report on China Wind Turbine Industry Hard copy :2500 USD Electronic copy (PDF) :2500USD Hard and Electronic copy : 3000USD Pages:267 Tables and figures : 221 Published date : Mar, 2010 Publisher: 168Report Contact: Mr. Peter Lee +86­10­82965190 +86­13161572746 sales@168report.com Summary: 2010 Deep Research Report on China Wind Turbine Industry was published by 168Research Wind Energy Research Center on Mar 2010. It was a professional and depth research report on China Wind Turbine industry. In the report, the following information will be included: China Wind Turbine Production Supply Sales Demand marketing and technology (equipment) information; China Wind Turbine production and demand from 2009­2014; China Top 18 Wind Turbine manufacturers Wind Turbine Capacity Production Cost Average selling price Production Value Revenue Profit etc information; China Wind Turbine industry development trend and related conclusions; Finally, we conduct a comprehensive summary of China Wind Turbine industry, including the past present and forecast the future, we also make a feasibility analysis of 1000sets/year Wind Turbine project ,we carry out an accurate calculation on investment cost, revenue, profitability, payback period. In a word, it was a depth research report on china Wind Turbine industry chain. And thanks to the China Wind Turbine marketing or technology experts help and support during 168Research Wind Energy team survey and interviews.

168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Table of Contents

Chapter One Wind Turbine Industry Background 1 1.1 The principle of wind power 1 1.2 The cost of wind power 1 1.3 Wind power generation policies and regulations 5 1.3.1 Global Wind power generation policies and regulations Overview 5 1.3.2 Governments Wind power support policies and measures 6 1.3.3 China Wind power policies and measures 11 1.4 Development of wind power 15 1.4.1 Global wind power development 15 1.4.2 China Wind Power Development Status 18 1.5 Wind power equipment industry problems and development direction 19 1.5.1 Wind power equipment industry problems 19 1.5.2 Wind power equipment industry development direction 21 1.6 Research on wind power grid 27 1.6.1 Wind power Grid­connected method 27 1.6.2 Impact of Wind power grid connected analysis 30 1.6.3 Wind power grid connected Economic Analysis 31 1.6.4 Analysis of technical requirements of wind power grid connected 34 1.6.5 Non­grid wind power development and feasibility analysis 39 Chapter Two Wind Turbine Industry Overview 45 2.1 Wind power equipment industry Chain overview 45 2.2 Wind Turbine Structure 51 2.3 Wind Turbine Classification 55 Chapter Three China Wind Turbine Productions Supply Sales Demand Market Status and Forecast 57 3.1 Wind Turbine Productions Overview 57 3.2 Wind Turbine Demand 60 3.3 Supply and Demand of China Wind Turbine 102 3.4 Cost Price Value Profit Margin of China Wind Turbine 103 Chapter Four China Wind Turbine Key Manufacturers 107 4.1 SinovelP Beijing 1.5MW 3.0MW 107 4.2 Goldwind¤ Xinjiang 750KW 1.5MW 2.5MW 116 4.3 DECX600875 1.5MW 128 4.4 Guo dian United PowerŁ Baoding Lianyungang 135 4.5 Mingyang Guangdong 1.5MW 3.0MW 140 4.6 Vestash Denmark Tianjin 2.0MW 850KW‚ 146 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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4.7 Hara XEMC Windpower CO.LTD¤ Hunan 2.0MW Direct­drive wind turbineh 157 4.8 GE Wind¨ USA Shenyang 1.5MW 163 4.9 Suzlon India Tianjin 1.25MW 1.5MWH 168 4.10 Gamesa@Spain Tianjin 850KW 2.0MW¨ 177 4.11 Windey Zhejiang 750KW 800KW 1.5MW 187 4.12 Shanghai Electric Wind Co.,Ltd‘ Shanghai 1.25MW 2.0MW¨ 197 4.13 China Creative wind energy@Shenyang 1.5MW¤ 203 4.14 CASC­AccionaHJiangsu 1.5MW¨ 208 4.15 New Unite Jiangsu 1.5MW 2.0MW 216 4.16 Beijing Beizhong Steam Turbine Generator Co.,Ltdh Beijing 2.0MW@ 221 4.17 Nordex Germany Yinchuan 1.5MW 226 4.18 HewindHZhejiang 600290‘ 235 4.19 Other Wind turbine Manufactures 239 4.19.1 Baoding Huide Wind Power Engineering Co., Ltd¨ Baoding@ 239 4.19.2 CSIC Haizhuang Windpower Equipment Co., Ltd., Chongqing 2MW 850KW AERODYN‘ 240 4.19.3 Yinhe wind power¨ Guangxi Changzheng Electric@ 241 4.19.4 Tianwei Baobian Baoding 600550H 241 4.19.5 Shenyang Yuanda¨ Liaoning 242 4.19.6 Sino steel¤ Xi’anh 244 4.19.7 Ningxia Yixing energy Co.,Ltd¨ Ningxia 000862 247 4.19.8 Envision Energy Jiangsu DenmarkH 250 4.19.9 SANY 251 4.19.10 Repower 252 Chapter Five Feasibility Analysis of China New Wind Turbine Projects 253 5.1 Opportunity and Risk of China Wind Turbine Projects 253 5.2 Feasibility Analysis of Wind Turbine project 254 Chapter Six Wind Turbine Industry Research Conclusions 257

Tables and Figures: Figure The principle of wind power 1 Figure Structure of wind power cost 2 Figure Forecast of China wind power cost 2 Figure Wind power Electricity price Structure 3 Figure Comparison of Wind power and coal­generated electricity price 3 Table Various forms of power generation (hydro, thermal power, nuclear power, wind power, photovoltaic power generation, etc.) Cost and electricity price List 3 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Table Comparison of Wind power and photovoltaic industries 4 Table USA Wind power policies and measures List 6 Table Germany Wind power policies and measures List 7 Table Denmark Wind power policies and measures List 8 Table Netherlands Wind power policies and measures List 9 Table UK Wind power policies and measures List 9 Table Spain Wind power policies and measures List 10 Table Canada Wind power policies and measures List 11 Table Japan Wind power policies and measures List 11 Table India Wind power policies and measures List 11 Figure National wind power policy framework 13 Table 2009 China wind power policy adjustments and impact list 14 Figure 2001—2009 Global wind power Cumulative installed capacity (MW) and Growth rate 15 Figure 2001—2009 Global wind power new installed capacity (MW) and Growth rate 16 Table 2009 Global 45 countries wind power installed capacityP MW List 17 Figure 2009 China 24 provinces new and cumulative wind power installed capacity (MW) List 18 Table Wind power equipment production quality problems and solutions List 19 Figure Single Wind turbine capacity trends 21 Table China Wind turbine manufacturers product certification List 24 Table China high­capacity, multi­MW Wind Turbine development List 26 Table Wind power Grid­connected method List 27 Table Synchronous generators and network operation control list 27 Table Induction generator and network operation control list 28 Table VSCF wind turbine Grid­connected operation control list 29 Table doubly­fed generator system grid connected list 29 Table Wind farm impact on power grid list 30 Figure Wind Turbine industry Chain 45 Table Wind turbine industry chain (Blade Bearing gearbox Electronic Control System Generators Wind farm operators, etc.) companies List 45 Table Wind turbine components cost share List 46 Table Wind power industry listed companies and introduction List 48 Figure Wind power projects certified testing process 51 Figure Structure of Wind turbine 52 Figure Doubly­fed wind turbine internal structure group 53 Figure Permanent magnet direct­drive wind turbine internal structure 54 Figure Hybrid (semi­direct­drive) wind turbine internal structure 54 Figure Comparison of Doubly­fed wind turbine and Permanent magnet wind turbine 55 Table Domestic major wind turbine manufactures MW level and above wind turbine technologies List 55 Table 2009­2014 China Top 18 Wind Turbine Manufacturers Capacity (MW) and Total Capacity List 57 Table 2009­2014 China Top 18 Wind Turbine Manufacturers Capacity (MW) Market Share List 58 Table 2009­2014 China Top 18 Wind Turbine Manufacturers Production (MW) and China Total 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Production List 58 Table 2009­2014 China Top 18 Wind Turbine Manufacturers Production (MW) Market Share List 59 Table China 1st 2nd 3rd 4th 5th Round Wind Power Concession Projects Bidding Result List 60 Table 2005 China 26 Wind Farm Wind Turbine Partner and Installed Capacity (KW) List 61 Table 2006 China 52 Wind Farm Wind Turbine Partner and Installed Capacity (KW) List 62 Table 2007 China 104 Wind Farm Operator Wind Turbine Partner and Installed Capacity (KW) List 64 Table 2008 China 201 Wind Farm Operator Wind Turbine Partner and Installed Capacity (KW) List 70 Table 2009 China New Wind Farm Operator Wind Turbine Partner and Installed Capacity (KW) List 83 Table 2010 China all wind farm projects under construction List 83 Table The Seven Reasons of China High Speed Wind Power Development 92 Table China Wind Solar Waterpower Firepower Nuclear power etc Power Cost and Grid­ Connected Power Price (RMB/KWH) List 93 Table China Government Wind Energy Support Policies List 93 Table National Development and Reform Commission ‘s new benchmark on­grid wind power price List 95 Figure Analysis of new on­grid wind power price mechanism impacts on wind power equipment manufacturers and wind farm operators 96 Figure 2009­2014 China Wind power Annual New Installed Capacity (MW) and growth rate 101 Figure 2009­2014 China Wind Turbine Demand (MW) and Growth Rate 102 Table 2009­2014 China Wind Turbine Production.Demand. Shortage (MW) List 102 Table 2009­2014 750KW Wind turbine (Tower blade wheel bearings gear box, etc. Detailed cost List 103 Figure 750KW Wind turbine Cost structure 104 Table 2009­2014 750KW Wind turbine Cost Priceh 10K RMB/set Profit Margin List 104 Table 2009­2014 1.5MW Wind turbineŁ Tower blade wheel bearings gear box, etc.¤ Detailed cost List 104 Figure 1.5MW Wind turbine Cost structure 105 Table 2009­2014 1.5MW Wind turbine Cost Price 10K RMB/set¨ Profit Margin List 105 Table 2009­2014 2.0MW Direct Drive Wind turbine x Tower blade wheel bearings gear box, etc.ł Detailed cost List 105 Figure 2.0MW Direct­drive wind turbine Cost structure 106 Table 2009­2014 2.0MW Permanent magnet direct­drive wind turbine Cost Price 10K RMB/set¨ Profit Margin List 106 Table Sinovel Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 107 Table 2009­2014 Sinovel Wind turbine Capacity Production(MW)List 109 Figure 2009­2014 Sinovel Wind turbine Capacity Production(MW)and growth rate 110 Table 2009­2014 Sinovel wind turbine Capacity Utilization ratio Sales(MW)List 110 Table 2009­2014 Sinovel SL1500 1.5MW Wind turbine Sales(set)Price(10K RMB/set)Cost(10K 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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RMB/set)Revenue(10K RMB)Profit Margin List 110 Figure 2009­2014 Sinovel SL1500 1.5MW Wind turbine sales(set) and growth rate List 111 Table 2009­2014 Sinovel SL3000 3.0MW Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 111 Figure 2009­2014 Sinovel SL3000 3.0MW Wind turbine sales(set) and growth rate List 112 Table Sinovel all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 112 Table Goldwind Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 116 Table 2009­2014 Goldwind Wind turbine Capacity Production(MW)List 120 Figure 2009­2014 Goldwind Wind turbine Capacity Production(MW)and growth rate 121 Table 2009­2014 Goldwind Capacity Utilization ratio Sales(MW)List 121 Table 2009­2014 Goldwind 750KW Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 121 Figure 2009­2014 Goldwind 750KW Wind turbine sales(set) and growth rate List 122 Table 2009­2014 Goldwind 1.5MW Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 122 Figure 2009­2014 Goldwind 1.5MW Wind turbine sales(set) and growth rate List 123 Table Goldwind all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 123 Table DEC Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 128 Table 2009­2014 DEC Wind turbine Capacity Production(MW)List 131 Figure 2009­2014 DEC Wind turbine Capacity Production(MW)and growth rate 132 Table 2009­2014 DEC Capacity Utilization ratio Sales(MW)List 132 Table 2009­2014 DEC FD70/77 1.5MW Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 132 Figure 2009­2014 DEC FD70/77 1.5MW Wind turbine sales(set) and growth rate List 133 Table DEC all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 133 Table Guo dian United Power Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 135 Table 2009­2014 Guo dian United Power Wind Turbine Capacity Production¤ MW¨ List 138 Figure 2009­2014 Guo dian United Power Wind Turbine Capacity Production MW@and growth rate 138 Table 2009­2014 Guo dian United Power Capacity Utilization ratio Salesł MW‘ List 138 Table 2009­2014 Guo dian United Power 1.5MW Wind Turbine Sales set ¤ Price ¨ 10K RMB/set Cost¤ 10K RMB/set¨ Revenue 10K RMB@Profit Margin List 139 Figure 2009­2014 Guo dian United Power 1.5MW Wind Turbine sales(set) and growth rate List 139 Table Guo dian United Power all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 140 Table Mingyang Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Production plants, Expansion Plan, Contacts etc 15 items) 140 Table 2009­2014 Mingyang Wind turbine Capacity Production(MW)List 144 Figure 2009­2014 Mingyang Wind turbine Capacity Production(MW)and growth rate 144 Table 2009­2014 Mingyang Capacity Utilization ratio Sales(MW)List 144 Table 2009­2014 Mingyang MY1.5S/SE Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 145 Figure 2009­2014 Mingyang MY1.5S/SE Wind turbine sales(set) and growth rate List 145 Table Mingyang all wind turbine installed Wind farm Owners Number Models Lifting time List 146 Table Vestas Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 146 Table 2009­2014 Vestas China Wind Turbine Capacity Production MW¤ List 151 Figure 2009­2014 Vestas China Wind Turbine Capacity Production MWP and growth rate 152 Table 2009­2014 Vestas China Capacity Utilization ratio Sales MW List 152 Table 2009­2014 Vestas China 2.0MW Wind Turbine Sales set Price¤ 10K RMB/setł Cost@10K RMB/setP Revenue 10K RMB Profit Margin List 152 Figure 2009­2014 Vestas China V80­2.0MW Wind Turbine sales(set) and growth rate List 153 Table 2009­2014 Vestas China 850KW Wind Turbine Sales set Price¤ 10K RMB/setł Cost@10K RMB/setP Revenue 10K RMB Profit Margin List 153 Figure 2009­2014 Vestas China V52/60­850KW Wind Turbine sales(set) and growth rate List 154 Table Vestas all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 154 Table XEMC Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 157 Table 2009­2014 XEMC Wind Turbine Capacity ProductionŁ MWXList 160 Figure 2009­2014 XEMC Wind Turbine Capacity Production MW¤ and growth rate 161 Table 2009­2014 XEMC Capacity Utilization ratio Sales MWP List 161 Table 2009­2014 XEMC 2.0MW Permanent magnet direct drive Wind Turbine Sales set¤ Price 10K RMB/setP Cost 10K RMB/set Revenue 10K RMB Profit Margin List 161 Figure 2009­2014 XEMC 2.0MW Permanent magnet direct drive Wind Turbine sales(set) and growth rate List 162 Table XEMC all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 162 Table GE Wind Energy Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 163 Table 2009­2014 GE Wind China Wind Turbine Capacity Production¤ MW List 165 Figure 2009­2014 GE Wind China Wind Turbine Capacity ProductionP MW and growth rate 166 Table 2009­2014 GE Wind China Wind Capacity Utilization ratio Sales MW List 166 Table 2009­2014 GE Wind China Wind 1.5MW Wind Turbine Sales set ¤ Price ł 10K RMB/set CostP 10K RMB/set Revenue 10K RMB Profit Margin List 166 Figure 2009­2014 GE Wind China Wind 1.5MW Wind Turbine sales(set) and growth rate List 167 Table GE Wind China all wind turbine installed Wind farm Location Owners Capacity Number 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Models Lifting time List 167 Table Suzlon Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 169 Table 2009­2014 Suzlon China Wind Turbine Capacity Productionł MW List 173 Figure 2009­2014 Suzlon China Wind Turbine Capacity ProductionXMW and growth rate 173 Table 2009­2014 Suzlon China Capacity Utilization ratio Sales MW@List 173 Table 2009­2014 Suzlon China S64­1.25 MW Wind Turbine Sales set Price — 10K RMB/set Cost@10K RMB/set Revenue 10K RMB—Profit Margin List 174 Figure 2009­2014 Suzlon China S64­1.25 MW Wind Turbine sales(set) and growth rate List 174 Table 2009­2014 Suzlon China S82­1.5 MW Wind Turbine Sales ł set P Price Ł 10K RMB/set Cost—10K RMB/setł RevenueP 10K RMBŁ Profit Margin List 174 Figure 2009­2014 Suzlon China S82­1.5 MW Wind Turbine sales(set) and growth rate List 175 Table Suzlon all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 175 Table Gamesa Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 177 Table 2009­2014 Gamesa China Wind Turbine Capacity Production MW—List 180 Figure 2009­2014 Gamesa China Wind Turbine Capacity Productionł MWP and growth rate 181 Table 2009­2014 Gamesa China Capacity Utilization ratio SalesŁ MW¨ List 181 Table 2009­2014 Gamesa G52/58­850 KW Wind Turbine Sales set Price ¤ 10K RMB/setŁ Cost¨ 10K RMB/set Revenue 10K RMB¤ Profit Margin List 181 Figure 2009­2014 Gamesa G52/58­850 KW Wind Turbine sales(set) and growth rate List 182 Table 2009­2014 Gamesa G80/87­2.0 MW Wind Turbine Sales set ł Price 10K RMB/set Cost¤ 10K RMB/set Revenueł 10K RMB Profit Margin List 182 Figure 2009­2014 Gamesa G80/87­2.0 MW Wind Turbine sales(set) and growth rate List 183 Table Gamesa all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 183 Table Zhejiang Windey Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 188 Table 2009­2014 Windey Wind turbine Capacity Production(MW)List 191 Figure 2009­2014 Windey Wind turbine Capacity Production(MW)and growth rate 192 Table 2009­2014 Windey Capacity Utilization ratio Sales(MW)List 192 Table 2009­2014 Windey WD49/50­750 Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 192 Figure 2009­2014 Windey WD49/50­750 Wind turbine sales(set) and growth rate List 193 Table 2009­2014 Windey WD52­800 Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/ set)Revenue(10K RMB)Profit Margin List 193 Figure 2009­2014 Windey WD52­800 Wind turbine sales(set) and growth rate List 194 Table 2009­2014 Windey WD70/77/82­1500 Wind turbine Sales(set)Price(10K RMB/set)Cost(10K RMB/set)Revenue(10K RMB)Profit Margin List 194 Figure 2009­2014 Windey WD70/77/82­1500 Wind turbine sales(set) and growth rate List 195 Table Windey all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 195 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Table Shanghai Electric Wind Co.,Ltd Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 197 Table 2009­2014 Shanghai Electric Wind Co.,Ltd Wind Turbine Capacity ProductionXMW¤ List 199 Figure 2009­2014 Shanghai Electric Wind Co.,Ltd Wind Turbine Capacity Production MWh and growth rate 200 Table 2009­2014 Shanghai Electric Wind Co.,Ltd Capacity Utilization ratio Sales MWHList 200 Table 2009­2014 Shanghai Electric Wind Co.,Ltd 1.25MW Wind Turbine Sales—set Priceh 10K RMB/set CostH10K RMB/set—Revenue 10K RMBh Profit Margin List 201 Figure 2009­2014 Shanghai Electric Wind Co.,Ltd 1.25MW Wind Turbine sales(set) and growth rate List 201 Table 2009­2014 Shanghai Electric Wind Co.,Ltd 2.0MW Wind Turbine Sales setP Price¨ 10K RMB/set Costh 10K RMB/set RevenueP 10K RMB¨ Profit Margin List 201 Figure 2009­2014 Shanghai Electric Wind Co.,Ltd 2.0MW Wind Turbine sales(set) and growth rate List 202 Table Shanghai Electric Wind Co.,Ltd all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 202 Table China Creative wind energy Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 203 Table 2009­2014 China Creative wind energy Wind Turbine Capacity Production MW¨ List 207 Figure 2009­2014 China Creative wind energy Wind Turbine Capacity Production MW H and growth rate 207 Table 2009­2014 China Creative wind energy Capacity Utilization ratio Sales MW List 207 Table 2009­2014 China Creative wind energy 1.5MW Wind Turbine Sales¨ set PriceH10K RMB/ set—Cost 10K RMB/seth Revenue 10K RMBXProfit Margin List 208 Figure 2009­2014 China Creative wind energy 1.5MW Wind Turbine sales(set) and growth rate List 208 Table CASC­Acciona Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 209 Table 2009­2014 CASC­Acciona Wind Turbine Capacity Production—MW List 211 Figure 2009­2014 CASC­Acciona Wind Turbine Capacity Productionh MW and growth rate 212 Table 2009­2014 CASC­Acciona Capacity Utilization ratio SalesXMW¤ List 212 Table 2009­2014 CASC­Acciona 900KW direct drive Wind Turbine Sales8 set Priceh 10K RMB/ set CostP 10K RMB/set¨ Revenue 10K RMB Profit Margin List 212 Figure 2009­2014 CASC­Acciona 900KW direct drive Wind Turbine sales(set) and growth rate List 213 Table 2009­2014 CASC­Acciona 1.5MW VSCF Wind Turbine Sales set X Price ¤ 10K RMB/set Costh 10K RMB/set RevenueX10K RMB¤ Profit Margin List 213 Figure 2009­2014 CASC­Acciona 1.5MW VSCF Wind Turbine sales(set) and growth rate List 214 Table 2009­2014 CASC­Acciona 2.0 MW Permanent magnet direct drive Wind Turbine Sales set Price¨ 10K RMB/set CostH10K RMB/set—Revenue 10K RMBh Profit Margin List 214 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Figure 2009­2014 CASC­Acciona 2.0 MW Permanent magnet direct drive Wind Turbine sales(set) and growth rate List 215 Table CASC­Acciona all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 215 Table New Unite Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 216 Table 2009­2014 New Unite Wind Turbine Capacity Production¤ MWXList 219 Figure 2009­2014 New Unite Wind Turbine Capacity Production MW¤ and growth rate 219 Table 2009­2014 New Unite Capacity Utilization ratio Salesh MW‚ List 219 Table 2009­2014 New Unite 1.5MW Wind Turbine Salesp setHPriceP 10K RMB/set CostH10K RMB/setXRevenue 10K RMB¤ Profit Margin List 220 Figure 2009­2014 New Unite 1.5MW Wind Turbine sales(set) and growth rate List 220 Table New Unite all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 220 Table Beijing Beizhong Steam Turbine Generator Co.,Ltd Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 221 Table 2009­2014 BEIZHONG Wind Turbine Capacity Production‚ MWp List 223 Figure 2009­2014 BEIZHONG Wind turbine Capacity ProductionHMWP and growth rate 224 Table 2009­2014 BEIZHONG Capacity Utilization ratio Sales MWHList 224 Table 2009­2014 BEIZHONG 2.0MW Wind Turbine Sales set—Price 10K RMB/set Costx 10K RMB/setp RevenueH10K RMBP Profit Margin List 224 Figure 2009­2014 BEIZHONG 2.0MW Wind Turbine sales(set) and growth rate List 225 Table BEIZHONG all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 225 Table Nordex Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 226 Table 2009­2014 Nordex China Wind Turbine Capacity Productionx MW¤ List 230 Figure 2009­2014 Nordex China Wind Turbine Capacity ProductionXMW and growth rate 231 Table 2009­2014 Nordex China Capacity Utilization ratio Sales¤ MWh List 231 Table 2009­2014 Nordex China 1.5MW Wind Turbine Sales ‚ set p Price H 10K RMB/set Costx 10K RMB/set¤ RevenueX10K RMB Profit Margin List 232 Figure 2009­2014 Nordex China 1.5MW Wind Turbine sales(set) and growth rate List 232 Table Nordex all wind turbine installed Wind farm Location Owners Capacity Number Models Lifting time List 232 Table Hewind Company Information (Products, Revenue, Suppliers,Clients and orders,Contract, Production plants, Expansion Plan, Contacts etc 15 items) 235 Table 2009­2014 Hewind Wind Turbine Capacity Production MWHList 237 Figure 2009­2014 Hewind Wind Turbine Capacity Production MW—and growth rate 237 Table 2009­2014 Hewind Capacity Utilization ratio Sales MW List 237 Table 2009­2014 Hewind 780KW Wind Turbine Sales x set ¤ Price X 10K RMB/set Cost ¤ 10K RMB/setHRevenue 10K RMB—Profit Margin List 238 Figure 2009­2014 Hewind 780KW Wind Turbine sales(set) and growth rate List 238 168Report Mr.Peter Lee sales@168report.com 13161572746 8610­82965190

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Table 2009­2014 Hewind 1.5MW Wind Turbine Sales 8 set ¤ Price 10K RMB/set X Cost 10K RMB/set RevenueX10K RMB Profit Margin List 238 Figure 2009­2014 Hewind 1.5MW Wind Turbine sales(set) and growth rate List 239 Table 2010 China New Wind Turbine Opportunity and Risk List 253 Table Feasibility Analysis of 1000 sets/year 1.5MW Wind Turbine 254 Table 1000 sets/year 1.5MW Wind Turbine Project Costs expenditure analysis 255 Table 1000 sets/year 1.5MW Wind Turbine Project Output income analysis 256 Table 1000 sets/year 1.5MW Wind Turbine Project Profitability payback period analysis 256

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