Longyuan Looks to Breeze Overseas 龙源电力寻找海外风能市场机遇

By newsdoug on April 15, 2011

Longyuan gets new wind for overseas expansion There’s interesting news in China’s new energy sector, where leading wind power producer Longyuan Electric Power (HKEx: 916) has tied up with Spanish wind turbine giant Gamesa (Madrid: GAM) to explore global expansion opportunities. (English article) This is exactly the kind of tie-up that China’s export hungry alternate energy firms need to be making if they really want to compete on the global stage, linking up with strong international partners with ties in those markets. In this case, Gamesa brings not only ties in its home EU market, but also throughout Latin America where Spain also has long connections. Of course only time will tell if Longyuan can get any major benefits from this tie-up. But the combination of its low-cost manufacturing and support from Beijing, combined with Gamesa’s own expertise and global connections, could prove a potent combination for this pair and be a big contributor to their profits going forward.

Bottom line: It’s still early days, but this new tie-up between Longyuan and Gamesa could breathe new life into the global wind power sector, as well as both companies’ bottom lines.

中国新能源产业出现了一条有意思的新闻：中国风能领军企业龙源电力<0916.HK>已与西班牙风力涡轮巨头歌美飒（Gamesa）<GAM.MC>合作，联手探索全球风能市场扩张机遇。如果那些急於出口的中国新能源企业确实希望在全球市场参与竞争，他们就需要开展这样的合作，即与已经进入其它市场的海外大型公司携手。在这一案例中，歌美飒不仅带来其在欧盟市场的纽带，还引入了与西班牙渊源已久的拉美地区的关系网。当然，龙源电力能否从这一合作中获利颇丰，还只能靠时间来证明。但凭借龙源电力的较低制造成本、中国政府的支持，加上歌美飒的专业技术和全球业务纽带，两者或能实现强强联合，为双方都带来巨大收益。

一句话：现在下结论还为时尚早，但龙源电力与歌美飒的合作或能给全球风能产业吹来新的生机，并为两家企业带来盈利。