Re: US, China energy firms to ink deals during Hu visit
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Sinovel has $6.5B financing from China Development Bank to fund overseas development plan.
Sinovel is China's number 1 turbine maker, and is number 3 world wide. Their goal is to be number 1 world wide in 4 more years.
They have established a sales force established in North America and Europe.
AMSC biggest customer is Sinovel and was blasted last month by Barrons for bing connected to Sinovel.
Sinovel is now working with AMSC for advanced designs on bigger high tech turbines, and is moving to the offshore market.