A Maglev wind turbine or Maglev windmill would use magnetic levitation to replace conventional bearings in the design of a wind turbine. A recent design was developed in China by Guangzhou Energy Research Institute under China’s Academy of Sciences and by Guangzhou Zhongke Hengyuan Energy Science & Technology Co., Ltd. Chinese company Zhongke Hengyuan Energy Technology invested CN¥400 million in building the base for the maglev wind turbine generators, in which construction began in November 2007. The company expects a yearly revenue of CN¥1.6 billion from the generators.