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Review of China’s wind power firms internationalization: Status quo, determinants, prospects and policy implications

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  • Zhang, Sufang
  • Wang, Wei
  • Wang, Lu
  • Zhao, Xiaoli

Abstract

In recent years, an increasing number of Chinese wind power firms have been going international in search of global market for development channels. By employing qualitative research and case study methods, this paper examines the export scale and markets of China’s wind turbines, the market entry modes and location choices of China’s outward foreign direct investment (FDI) in the wind power sector, identifies the determinants and prospects of Chinese wind firms’ internationalization, as well as provides policy implications. It is found that Chinese wind power firms has chosen to internationalize very differently from the Uppsala model in that the exports and FDI of Chinese wind power firms both took place around 2008, and the exports and FDI of Chinese wind power firms are closely linked. The determinants of Chinese wind firms’ internationalization are the competitive advantages of leading Chinese wind firms and the intensified domestic market competition, followed by Chinese government support for internationalization and the attractive overseas market. The prospects of Chinese wind firms’ internationalization are bright but challenging. Drawn on this analysis, conclusions and three policy implications are provided at the end of the paper. This paper contributes to the study of China’s wind power sector from a new perspective.

Suggested Citation

  • Zhang, Sufang & Wang, Wei & Wang, Lu & Zhao, Xiaoli, 2015. "Review of China’s wind power firms internationalization: Status quo, determinants, prospects and policy implications," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 1333-1342.
    • Handle: RePEc:eee:rensus:v:43:y:2015:i:c:p:1333-1342
    DOI: 10.1016/j.rser.2014.11.100
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    3. Grafström, Jonas, 2019. "Public policy failures related to China´s Wind Power Development," Ratio Working Papers 320, The Ratio Institute.
    4. Zhang, Shijie & Wei, Jing & Chen, Xi & Zhao, Yuhao, 2020. "China in global wind power development: Role, status and impact," Renewable and Sustainable Energy Reviews, Elsevier, vol. 127(C).
    5. Yuan, Jiahai & Na, Chunning & Xu, Yan & Zhao, Changhong, 2015. "Wind turbine manufacturing in China: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1235-1244.
    6. Curran, Louise & Lv, Ping & Spigarelli, Francesca, 2017. "Chinese investment in the EU renewable energy sector: Motives, synergies and policy implications," Energy Policy, Elsevier, vol. 101(C), pages 670-682.
    7. Xin-gang, Zhao & Zhen, Wei, 2019. "The technical efficiency of China's wind power list enterprises: An estimation based on DEA method and micro-data," Renewable Energy, Elsevier, vol. 133(C), pages 470-479.
    8. Shuai Li & Lubing Xie & Xiaoming Rui, 2018. "Development and Analysis of the Wind Power Industry in Xinjiang, China," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 8(2), pages 51-60, June.
    9. Poulsen, Thomas & Lema, Rasmus, 2017. "Is the supply chain ready for the green transformation? The case of offshore wind logistics," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 758-771.
    10. Yordanka Ivanova & Kostadin Kolarov, 2020. "External Determinants Of Smes’ Internationalization And Performance In A Challenging International Environment," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 14(1), pages 130-143.
    11. Hafeznia, Hamed & Aslani, Alireza & Anwar, Sohail & Yousefjamali, Mahdis, 2017. "Analysis of the effectiveness of national renewable energy policies: A case of photovoltaic policies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 79(C), pages 669-680.
    12. Thomas Poulsen & Charlotte Bay Hasager, 2017. "The (R)evolution of China: Offshore Wind Diffusion," Energies, MDPI, vol. 10(12), pages 1-32, December.

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