China's Goldwind Science and amp; Technology Ltd. is one of the world's biggest makers of wind turbines — a cornerstone of the booming clean power business — but is virtually unknown outside its home country. Goldwind aims to change that. In a Minnesota farmer's cornfield, the company is erecting three 20-story-tall windmills in its first American project and hopes it will help to woo other buyers. “There are a lot of leads and we are following them up,” said Kerry Zhou, Goldwind's director of development. “We certainly expect that by 2011 we can get good results.” China's market for wind equipment is on track to overtake the US this year as the world's largest, spurred by a government campaign to promote renewable energy to clean up its battered environment and curb surging demand for foreign oil and gas. Now the biggest Chinese manufacturers want to expand to the United States, Europe and other markets. Western suppliers could face new competition as low-priced Chinese rivals seek to profit from global efforts to limit climate change. Chinese manufacturers could get a boost if officials at this week's UN climate summit in Copenhagen, Denmark, agree on new measures to spread use of clean energy. Chinese wind companies' technology lags behind global leaders such as Vestas and General Electric Co. But their prices are up to 50 percent lower, which industry analysts say should make them competitive abroad. Last year, China accounted for 22 percent of new global wind capacity, while the United States accounted for 29.6 percent, according to BTM Consult, a Danish research firm. This year, Credit Suisse says China will install up to one-third of new capacity. The industry has gotten a boost from a flow of money through the Clean Development Mechanism, a UN program that allows industrialized economies to meet commitments to reduce greenhouse gas emissions by paying developing countries to cut their own instead. China is the biggest recipient of CDM money.
