The west must be prepared for higher wind energy costs if it rejects Chinese companies from its industry, said an executive at one of China’s biggest turbine manufacturers.
Kai Wu, Goldwind’s vice-president, said it was “fully understandable” that foreign governments want to deepen their local supply chains and create employment opportunities.
But he warned that China’s cost advantage in turbine manufacturing had grown “huge” at about “40 per cent, at least” compared with western rivals. Greater turbine costs result in higher electricity prices as the cost of installation is passed on to consumers.
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