The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

China Increases Target for Wind Power Capacity to 1,000 GW by 2050

The National Energy Administration of China has set a series of development goals for the country's renewable energy sector during the 12th Five-year Development Plan, which shows that by 2015 the country's wind power capacity will reach 100 GW, based on the current capacity of 40 GW.

According to another recently-issued roadmap drawn up for the country’s wind power industry, China’s wind power capacity will reach 200 GW, 400 GW and 1,000 GW by 2020, 2030 and 2050, respectively, making wind one of the five major sources of electricity across the country. Based on this target, by 2050 China’s investment in the wind power sector is expected to reach RMB 12 trillion (approx. US$1.9 trillion), opening the door to many opportunities for its wind power equipment manufacturers. 

“By 2050, wind power projects are expected to address 17 percent of the power demand in China,” said Wang Zhongying, director, research fellow at the Center for Renewable Energy Development of the Energy Research Institute, a part of the National Development and Reform Commission (NDRC). The roadmap also predicts that around 2020, the costs of onshore wind power will be equal to those of coal power.

In particular, the roadmap suggests the following timeline:

  • Before 2020, give priority to the development of onshore wind power projects, supplemented by near-shore offshore demonstration projects;
  • From 2021 to 2030, lay equal stress on the development of onshore and near-shore wind power projects, supplemented by far-offshore demonstration projects; and
  • From 2031 to 2050, realize synchronous development of all three types of projects.

At present, grid connection and rapid need for generated energy are the two major factors restraining the development of China’s wind power industry. “Given the situation, it is urgent for us to work out and implement classified and inter-provincial programs for timely ingesting of wind power,” said Wang Zhongying.

Opportunities for wind power equipment manufacturers

Chinese wind power equipment manufacturers generally saw decreases in earnings this year, mainly due to drops in product prices and reduced demand from downstream industries. Xinjiang Goldwind Science and Technology’s net profits for the first three quarters declined nearly 60 percent year on year. In order to take full advantage of the opportunities brought about by the roadmap, Chinese wind power equipment manufacturers led by Sinovel Wind Group, Xinjiang Goldwind Science and Technology and Xiangtan Electric Manufacturing Co. (XEMC) are set to shift their focus to research and development of high-capacity units.

On October 20, XEMC’s 5-MW direct-drive offshore wind turbines were connected to the grid in the Netherlands, while on October 23, Sinovel Wind Group completed its installation of 6-MW double-fed wind turbines. Huayi Electric recently also announced that it plans to issue additional shares to finance the development of its 6-MW wind turbines.

However, the prospects for high-capacity wind power units are subject to a variety of uncertainties, due to their narrow applications, out-of-date support facilities and unproven quality, noted industry professionals.

According to the 12th Five-year Development Plan, the installed capacity of offshore wind turbines is expected reach the vicinity of 5,000 MW over the next five years, accounting for only 5 percent of energy production. The space for growth remains limited.

Untitled Document

RELATED ARTICLES

Global Renewable Energy Roundup: China, Kenya, Turkey, India Seeking More Renewables

Bloomberg News Editors China is being encouraged by three industry groups to double the nation’s solar-power goal for 2020 to make up for sh...

With Vast Amounts of Geothermal, Wind and Hydropower, Why No Solar In New Zealand?

James Ellsmoor, Contributor New Zealand has built an international brand on environmentalism and the great outdoors. So it is unsurprising that t...

GE low wind turbines make debut in France

Kelvin Ross

A new wind farm in France will be the first in the country to deploy GE’s 2.75-120 wind turbines.

Unlikely Allies in North Carolina Clean-Energy Fight

Mark Drajem, Bloomberg With North Carolina’s renewable energy mandate under assault from Republican legislators, green groups seeking to sav...

PRESS RELEASES

20 days to GRC Annual Meeting & GEA Geothermal Energy Expo

The Geothermal Resources Council (GRC) has announced that it is only 20 days to go to t...

AWS Truepower Announces Major Expansion of its Due Diligence Team in Response to Growing Market Demand

AWS Truepower, an international leader in wind and solar energy consulting and engineer...

Array Technologies’ DuraTrack HZ v3 Continues to (R)evolutionize at SPI

Array Technologies, Inc. (ATI) prepares to showcase its recently launched tracking syst...

Appalachian's Energy Center assists counties with landfill gas to energy projects

The Appalachian Energy Center at Appalachian State University recently completed a proj...

FEATURED BLOGS

How To Get People To Do Stuff

It’s no secret that psychology and sales go hand in hand. If you understand the principles of human psychology ...

Get In The Groove

When we talk about strategies for boosting productivity, we often overlook the fact certain projects lend themselves ...

Transitioning to Net-Zero Living

Judith and Jeffrey adore living in Belfast, Maine – a quaint harbor town of Belfast, Maine. They previously res...

The True Cost of Electric Vehicles in Australia

In order to avoid increased congestion, further greenhouse warming and lessen Australia’s reliance on imported ...

FINANCIAL NEWS

Nanjing Shanglong Communications Liu Yuanyuan is Director of Operations and Co-Founder of Nanjing Shanglong Communications. Liu Yuanyuan previously held the position of office manager at the London Financial Times' China translation and editoria...

CURRENT MAGAZINE ISSUE

Volume 18, Issue 4
1507REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Distributed Wind Energy Workshop

Description: Distributed wind energy is electricity that is produced for...

2015 AREDAY Summit

The 12th Annual AREDAY Summit, August 8-13th in Snowmass Colorado. Engag...

COMPANY BLOGS

Clean Energy Patents Maintain High Levels in First Quarter, Solar L...

U.S. patents for Clean Energy technologies from the first quarter of 201...

Fact Check: AWEA represents American wind power

The American Wind Energy Association (AWEA) is proud of its members for ...

Koch Professor drops his Koch title, still makes same errors plus s...

The Koch Professor’s title isn’t the only thing that’s...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS