Siemens and Shanghai Electric Expand Partnership

Siemens and Shanghai Electric will establish two new joint ventures to develop onshore and offshore wind power projects in China. The companies signed the agreements in Shanghai giving Shanghai Electric a 51 percent stake and Siemens 49 percent in each of the new companies.

One joint venture will manufacture wind turbines for both the Chinese market and for Siemens’ global network. The second joint venture will sell turbines and offer project management in China. The agreements are subject to the approval of the anti-trust authorities, according to a Siemens’ statement.

Siemens has partnered with Shanghai for the past 15 years. Last year, the pair secured the Dongtai 200-megawatt intertidal wind farm project. This year, they won the bid for the second phase of Shanghai Donghai Bridge project.

China leads the world in wind power with 40 gigawatts of installed capacity. Projects grew 30 percent from 2009 to 2010. By 2020, China plans to install wind turbines with a combined capacity of 150 gigawatts.

Photo shows signing ceremony between Siemens and Shanghai Electric officers in Shanghai. Courtesy of Siemens.