Turbine makers riding favorable winds

China's 2023 production capacity for such products 60 percent of global total, despite prices plummeting 30 percent

Chinese wind turbine manufacturers have been accelerating their global expansion in recent years, exhibiting their prowess at home and abroad, driven by technological advances and large-scale investment, said industry experts and company executives.

While Chinese wind turbine manufacturers have struggled to compete with international giants such as Vestas and General Electric for a long time, they have solidified their position as global leaders in recent years, setting new records while shaping the future of green energy worldwide, they said.

Chinese wind turbine manufacturers are making strides in the overseas wind power market, securing notable contracts in recent years, said global consultancy Rystad Energy.