by David Sassoon -
Jan 28th, 2008 
Last week Sandhya Tenneti, a Bangalore-based analyst with Innovest Strategic Value Advisors, sent the firm's global clients a heads-up: China is about to present a formidable low cost challenge to leading companies in the global wind turbine industry -- posing a significant threat to their long term competitiveness, growth and profitability.
In particular, the management of leading wind energy companies Vestas Windsystems and Gamesa Technologia will be facing a litmus test as two Chinese wind turbine manufacturers roll out their aggressive export plans.
Tenneti cited a projection of the World Wind Energy Council (GWEC) -- which represents more than 1,500 wind firms in more than 50 nations -- that says China will take the global top spot as #1 manufacturer of wind turbines in 2009.
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