The new company will manufacture GE-designed wind turbines for near-shore and offshore applications in China. GE will hold 49% of the firm, with 51% belong to HEC, a subsidiary of the power plant equipment giant Harbin Power Equipment.

This is an important investment in China for GE and one that will enable us to participate in the tremendous growth potential of the Chinese wind turbine segment -- Jack Wen, president and CEO, GE Energy China