Following announcement of auction system, Vestas to restructure China sales business unit
News release from Vestas ChinaBeijing, 03 July 2018 The world’s largest wind energy market continues to increase its focus on creating a sustainable energy mix and introducing policy that aims to accelerate the adoption of renewable energy. Most recently, China’s energy regulator has announced policy that requires future wind projects to be awarded through an auction system focusing on grid parity by 2020 and government approvals. In this future market environment, Vestas continues to adapt its strategy and organisation towards the Chinese market with the aim of further growth. To