GE
US industrial giant General Electric says it is forming a joint venture with Chinese power equipment maker Harbin Electric Machinery to increase its share of China’s fast-growing wind energy market.

Vestas
Vestas says that classification agency Det Norske Veritas (DNV) has concluded an investigation into the incident which saw a piece break off a rotor blade in its V112 3MW prototype on 8 September.

DNV’s investigation concluded that “the incident is related to a human error in the manually produced prototype blade,” supporting Vestas investigation conclusion.

Q-Cells
Q-Cells lifted its earnings outlook, but its share price was dragged down by the announcement that the firm will launch a capital increase and issue a new convertible bond.

At the centre of its restructuring program are plans to shift the bulk of its production from Germany to a new factory in Malaysia, and branch away from its traditional core business of cells into other segments of the PV value chain, especially modules.

Goldwind
Wind turbine maker Xinjiang Goldwind Science & Technology has revived its initial public offering (IPO) plans on the Hong Kong Stock Exchange with lower target amount and offer price.

Goldwind’s second attempt to list in Hong Kong received support from five investors that have agreed to subscribe to a combined $190 million worth of shares.

Chinese wind companies are sensing opportunities in the growing global wind industry and looking at plans to raise capital to feed the development of wind farm projects.