Chinese turbine-maker XEMC – formerly a global top-10 OEM and would-be US offshore wind pioneer – is up for sale in a market beset by an installation dash and coronavirus fears.
Xiantang Electric Manufacturing Corp (XEMC), an electrical generator producer, announced in a stock market release plans to sell 100% of its equity in subsidiary XEMC Windpower. The Hunan government-owned mother company is looking for buyers for the turbine OEM on the provincial asset exchange market.
