China is one step closer to its goal of shifting to renewable energy sources thanks to a new wind-turbine deal between General Electric and energy company Huaneng.
The agreement, which was signed Monday, will see GE supply 55 wind turbines for Huaneng to install at its Dali Longsquan wind project in Yunnan province, Investor's Business Daily reported. The Fairfield, Conn.-based company said the wind project will produce 151 megawatts of energy in what it claims is its biggest deal in China to date.
CE also cited data from the Global Wind Energy council that said over 45 percent of the world's wind-energy installations were made in China.
"We chose GE based on its proven reliability in other parts of the world, and the technology behind GE's 2.75-120 wind-turbine is well-suited for our local land constraints and the high-altitude project site," said Lin Gang, president of Huaneng Renewables.
The deal is the latest move GE has made in its quest to focus more on energy products and appliances and less on consumer financial services, IBD reported. The company currently plans on expanding wind turbine sales and developing products involving data analytics and the Internet of Things so that its turbines will be able to produce more power.
While China is looking to reduce pollution, the country is beginning to use more coal and other fossil fuels, having recently signed an agreement with the U.S. stating that it won't begin to reduce its use of fossil-fuels until 2030.
The new deal with GE is aimed at helping China meet its goal of getting 15 percent of its energy from renewable sources by 2020, IBD reported.
China isn't the only country that GE is seeing success in, having recently received first-time orders for wind turbines from Morocco, Pakistan and Croatia. The company also plans on installing wind turbines in 35 countries this year.
