Turbine Makers Face ‘Tough Situation’ as Goldwind Shares Slump - BusinessWeek

June 21 (Bloomberg) -- Investors’ interest in Chinese wind companies may be slowing after Xinjiang Goldwind Science & Technology Co., China’s second-largest wind turbine maker, shelved a share sale in Hong Kong, analysts said.
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Renewable-energy stocks have fallen worldwide after the failure of United Nations climate [hoax] talks in December to produce a treaty to fight global warming and promote clean power. The WilderHill New Energy Global Innovation Index, an 88-member benchmark, has declined about 21 percent in 2010.
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Investors may be concerned that China’s domestic demand for wind may also be slowing, Honda Wei, a Shanghai-based machinery and alternative energy analyst at KGI Asia Ltd., said in an e- mail. Annual installations may decline to as low as 10 gigawatts between this year and 2012 from 13.8 gigawatts in 2009, he said.
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“Given that there’s a large pipeline of wind-related IPOs planned for China and for Hong Kong, we’re not sure how much investor appetite there is for wind companies,” Wu said. “The first couple may be very successful, but how much money can you really put into it.”