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

Chinese Offshore Wind Market Stagnating, Disappointing Investors

The Chinese offshore wind market has scarcely grown since Siemens opened a 35 million-euro [US $47 million] blade manufacturing facility in Lingang, China, in 2010, said Michael Hannibal, the head of Siemens’s offshore wind power unit.

“We felt that we would like to go there to learn and to see if it would develop into a market where Siemens could be a contributor,” Hannibal said in a phone interview. “Basically we are at the same stage, investigating the market because the market didn’t take off in the way some market experts expected. So it’s definitely been a slower start.”

China is at least three years behind schedule on a plan that would make it the world’s biggest market for offshore wind. In 2011, it announced plans to build 5,000 megawatts of offshore turbines in four years, enough to power 5.4 million homes. With less than 10 percent of that capacity in place, officials now say they won’t meet that goal.

Siemens formed a wind joint venture with Shanghai Electric Group Co. in 2011 and is targeting a 30 percent share of the market.

“Some are still predicting a large market if you look over the period of 10 to 15 years,” Hannibal said. “But the question is when and where it will take off in China.”

Wind Targets

There were 429 megawatts of offshore wind power operating in China at the end of 2013. The country may install about 500 megawatts of offshore capacity next year and 1,000 megawatts in 2016, according to Bloomberg New Energy Finance.

The U.K., where Siemens is building a 160 million-pound wind turbine factory, remains the leading market, boosted by new regulations which provide longer-term stability for investors, according to Hannibal.

New contract structures from the government are opening the way for “new investors to come in because the stability in that system and the long-term perspective is kind of predictable and you can use pension funds, industrial players -- they are willing to invest in this system,” he said. “So I do see the U.K. market as the number one, leading market, strongly followed by Germany.”

Lead image: Offshore Wind Turbine via Shutterstock.


Pope Francis

A 9-Minute Guide To Pope Francis’ Encyclical on Climate Change

Jim Lane, Biofuels Digest Pope Francis issued Laudato si’ (Praise Be to You) On the care for our common home, his second encyclical, concerning Catholic doctrine with respect to climate change, consumerism, and development.
US Capitol

Republicans and Democrats Back Bill to Level the Playing Field for Renewable Energy

Vince Font, Contributing Editor U.S. Senators Chris Coons and Jerry Moran are leading a bipartisan effort to reintroduce tax code legislation aimed at leveling the playing field for renewable energy investment. The Master Limited Partnerships Parity Act w...
African vultures wind turbines

Ecological Map Could Save Vultures from Fledgling African Wind Farm Development

Becky Allen, British Ecological Society Ecologists have developed a new map that could help Lesotho's first wind farms generate low carbon energy without putting the region's vulnerable vulture population at risk. The map is part of a study published today in the...
Pope Francis

The Common Goals of the Pope and Clean Energy

Paul Stinson, EDF Pope Francis turned a keen eye toward the environment and the problem of climate change with his encyclical,“Laudato Si” (“Praised Be”). As a clean energy advocate, I’m heartened that Pope Francis recognizes the need t...
Copyright 2014 Bloomberg


Volume 18, Issue 3


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


Tweet the Editors! @megcichon @jennrunyon



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

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

CanWEA Annual Conference and Exhibition

The annual CanWEA Conference & Exhibition has helped companies marke...

CanWEA Winter Solstice Fundraising Dinner

CanWEA Winter Solstice Fundraising Dinner December 1, 2015 Toronto, Ontario


The Almost There Markets: Just Give ‘Em Some Time

Earlier this year, we reported on recent legalization of third party fin...

Meteorological Technology International Magazine - SENSORS AND SENS...

Over the past 10 years, these sensing technologies have spread tre...

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now