China’s Offshore Wind Market Expected to Grow to US$16 billion

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SHANGHAI, Feb. 27, 2013 /PRNewswire/ –Despite the considerable challenges and bottlenecks faced by China’s…

Duane Tilden‘s insight:

Some industry analysts expressed concerns around the government’s goal of reaching an installed offshore wind power capacity of 5 gigawatts by 2015. Yi Yuechun, deputy general engineer at China’s Design General Institute of Hydropower and Water Resources Planning, dismissed these concerns, saying that in addition to concession projects, several demonstration and other projects are on the verge of going live. All that is needed is for the government to be clear about its policies and for the preparatory work in process to come to a state of completion, and the sector should see a huge acceleration in the development of the industry.

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