Chinese manufacturer to invest $1bn in offshore turbine factory

Jiaolong Heavy Industry Group has announced it will invest 6.9 billion yuan ($US1.1 billion) in a new offshore wind turbine factory

The facility will produce wind turbines suitable for floating offshore wind farms, with an annual capacity of 200 5MW turbines and 100 10MW turbines.

Located in the Lingang economic zone, Tianjin city, construction of the factory complex is due to begin in August, with entry into operation planned for the end of 2014.

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