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India's Suzlon to expand China wind turbine capacity

India’s largest manufacturer of wind-turbine generators, Suzlon Energy (532667.BSE), announced plans to expand its China production capacity on expectations that the country will remain the world’s largest green energy market for the next decade, Bloomberg reported. The Ahmedabad-based manufacturer will make turbines capable of generating a combined 1,000 megawatts in China by 2013 – 67% more than the current capacity of 600 MW. Suzlon’s are similar to those of General Electric (GE.NYSE) and a clutch of European firms, all of which are introducing new technology and opening factories in China as competition for orders heats up. China plans to add 18 gigawatts of wind capacity this year. Orders from China and India may help Suzlon offset slowing orders in Europe. The company expects to return to profit this financial year.

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