Sinovel flags offshore fightback

Troubled Chinese turbine group Sinovel can overcome its problems and has big ambitions in the offshore wind sector, senior company officials said today.

Sinovel – which has faced a series of setbacks over the last two years – still has a platform for future success, company vice president Chen Danghui told China Windpower 2013 in Beijing.

“We’ve received lots of negative coverage, but we can overcome (these difficulties) because our core people are still around,” said Chen.

Analysts have said Sinovel – formerly China’s biggest supplier of wind turbines and at one stage the global number-two – faces a tough road back from setbacks such as a high-profile legal battle with former customer AMSC, a probe by Chinese Log in to read complete article.

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