China has more than tripled its target for wind power capacity to 100 gigawatts by 2020 from 30 gigawatts, AFP reported, citing state media. An official with the National Energy Administration told a Beijing conference that the country is aiming for an annual growth rate for wind power capacity of 20% for the foreseeable future, making China the world’s fastest growing market for wind energy technology. China is the world’s fourth-largest wind power producer after the US, Germany and Spain. Separately, Reuters reported that Morgan Stanley is selling around US$110 million in shares of China’s largest wind power transmission gear maker, China High Speed Transmission. Morgan Stanley was one of the underwriters of Nanjing-based China High Speed’s 2007 Hong Kong listing.
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