Industry officials said no independent private companies or foreign firms were among 26 firms that had placed bids during August for the tender, known as the fourth concession project involving three large wind farms with total capacity of 700 megawatts.
"Right now, the Chinese wind energy market is not normal," Shi Pengfei from the China Wind Energy Association told Reuters.
"It’s not a game for private or foreign companies. It’s only for state-owned enterprises, which do not have to worry about making losses," said the vice-president of the association.
see full story