However, Mr Engel insisted the world would continue looking to wind as an alternative to fossil fuels in the long term and highlighted China among the strongest sources of growth. Vestas achieved record Chinese orders last year as the government poured tens of billions of dollars into green technology. “We have lost market share in China to local competition yet our sales are still growing because the market is expanding so strongly,” said Mr Engel.Chinese wind power capacity has grown from 6,050 megawatts in 2007 to an estimated 43,853MW last year, surpassing the US for the first time, according to Citigroup. It is forecast to more than double by 2013. Mr Engel said technological innovation was the key to staying ahead of competition, noting the company’s research and development workforce had increased from 300 when he took charge in 2005 to more than 2,000 today. “We are at the end of the beginning in this industry. From here, it’s going to be driven by technology.”