UPDATE 1-China's Xinjiang Goldwind targets African growth

Mon Mar 14, 2011 5:43pm GMT
 

"We have been offered a significant credit line to support our international sales and investment outside China," Li said.

Wind energy is forecast to increase to make up between five and 22 percent of world power generated by 2030, with nations in Africa and Latin America moving to catch up alongside established markets in Europe, North America, China and India. [ID:nLDE69B08O]

The Global Wind Energy Council said in 2010 that Africa, the world's poorest continent, fared worse amongst other regions when it came to wind power generation. [ID:nLDE64C0H2]

Goldwind, which would initially import turbines, is in discussions with several South African wind developers to partner wind projects in Africa's largest economy that is diversifying away from its coal-based energy dependence.

"We don't have any factories, but as evolve local markets it is something we are very interested in, everything from sourcing parts, doing assembly, tower production," Daniel Kurylo, director of Goldwind Africa, told reporters.

South Africa is aiming to generate 10,000 gigawatt hours from alternative energy sources by 2013. (Reporting by Wendell Roelf; Editing by Peroshni Govender and Anthony Barker)

 
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