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The cooperation Shanghai Electric has a 51% stake and Siemens has a 49% stake. The two companies will establish two joint ventures: the manufacturing company will develop and produce wind turbines for the Chinese market and the Siemens global supply network; the sales company will be responsible for the sales, project management, project execution and related development and services of wind power equipment in China.
In recent years, China's wind power scale has developed rapidly, with a cumulative total installed capacity of more than 45 million kilowatts. From 2009 to 2010, the annual installed capacity growth rate is about 30%, which has become the world's largest wind power market, in the field of onshore and offshore wind energy. Have great potential. By 2020, China plans to achieve a total installed capacity of 200 million kilowatts of wind power, equivalent to the total installed capacity of renewable energy and thermal power generation in Germany.
As the world leader in offshore wind power, Siemens established a wind turbine blade manufacturing base in Shanghai in 2010 and won China's first offshore wind power order in 2011. In October of the same year, Siemens Wind Power Group Asia Pacific headquarters settled in Shanghai. In this cooperation, Siemens will bring advanced wind turbine technology, international project management and operational experience in offshore wind power.
Shanghai Electric has always been committed to the development of new energy industry and is a leading enterprise in China's offshore wind power. After six years of hard work, Shanghai Electric Wind Power Co., Ltd. has become the first company in China to have the performance of land, intertidal and offshore wind turbines. It has won the tender for the first round of concession of the national offshore wind power and the second phase of the East China Sea Bridge offshore wind farm ( Expansion) Engineering equipment tendering. Shanghai Electric brings its local strength to the joint venture.
This strategic cooperation will strengthen the strength of both sides in the offshore wind power sector and boost the development of China's offshore wind power industry.
On December 8, Shanghai Electric and Siemens held a signing ceremony for the wind power joint venture project and announced the establishment of China Wind Power Strategic Alliance. Xu Jianguo, Chairman of Shanghai Electric (Group) Corporation and Shanghai Electric Group Co., Ltd.; Dr. Mike Suth, Member of the Management Committee of Siemens AG and Energy Business, attended the signing ceremony.