Caixin OnlineBusiness & IndustryTop Stories Industry Dreamlike Ascent for Wind Power's Newest Star
09.10.2010 11:08

Dreamlike Ascent for Wind Power's Newest Star

How did Sinovel, a company founded just five years ago, skyrocket to first place in China's wind turbine sector?
By staff reporters Chen Zhu and Yu Ning
 

(Beijing) - Sinovel was just a sketchy dream for Han Junliang five years ago. But the 41-year-old businessman liked the idea, and so did the other investors he nudged until they agreed to put up a combined 70 million yuan to make the dream come true.

Soon, Sinovel was born as a wind power company with registered capital of 100 million yuan and ties to state-owned Dalian Heavy Mechanical & Electrical Equipment Engineering Co. Ltd.

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