The Koreans are preparing to kick some good-old-fashion-fossil-fueled butt in the 21st Century.
HHI has invested 105.7 billion won to build a 600MW capacity wind turbine manufacturing plant in Gunsan. The plant, covering 132,000 square meters, will be capable of producing 1.65MW-class wind turbines. HHI plans to expand the capacity to 800MW by 2013.While we borrow billions more Chinese yuan to buy Asian clean energy tech.
HHI plans to export most of the wind turbines produced in this factory to the United States and Europe. HHI produced its first generator for wind turbines in 1988 and has exported in-house developed transformers and converters for wind power plants to the US and European countries.And surrender our floundering technological leadership to their next generation.
The company cites renewable energy businesses such photovoltaic systems and wind turbines as its growth engine for next generation. Hyundai Heavy Enters U.S. Wind Turbine MarketThat can't be good for us, can it?