A new paper has been published as a part of Thomas Poulsen’s PhD work.
Abstract
This academic article looks at strategic management as well as mergers and acquisitions (M&A) in the setting of the Chinese offshore wind industry based on an extensive case study conducted from 2011 through 2016. The research findings provide insight into how the Chinese government strongly and systematically decrees state-owned Chinese firms to expand organically as well as through M&A into overseas markets to speed up learning efforts. Insights are offered regarding the nation-level strategic plans and institutional support policies mobilized by China in order to be able to conquer market shares internationally by building a strong home market and then facilitating an end-to-end and fully financed export solution. For the wind industry itself, research findings are provided on how European and Chinese firms may successfully forge long-term alliances also for future Chinese wind energy export projects. This research presents an industry level gap analysis for Chinese offshore wind, which serves as a way to illuminate how China could opt to fast track industry evolution. China went on to become the global leader in offshore wind.