China Offshore Wind Power Sector Outlook Favourable for Long Term Investments

According to the recent research report “China Wind Power Market Outlook 2014” by TechSci Research, the cumulative installed offshore wind power capacity is expected to grow fivefold between 2015 and 2020.

As per TechSci Research Energy Model, the offshore wind energy utilization in China will remain below 10% even after witnessing fivefold increase in installation wind turbines capacity during the period 2015 to 2020.

According to the Senior Partner (Renewable Energy), “The focus of wind power sector in China will now shift towards the development of offshore resources in coming decade. Initially the growth in the offshore wind farm capacity will be slow in comparison to onshore wind capacity due to the huge cost differential. The improving technical expertise of domestic wind turbines manufacturers and increasing investment in offshore wind turbines manufacturing will drive the wind turbines installation in offshore area in coming years. Domestic companies like Sinovel Wind and Goldwind Science & Technology will play a dominant role in the development of offshore wind power in China.”

The coastal provinces of China, Shandong, Jiangsu, Zhejiang, Fujian and Shanghai will remain the key focus areas of offshore wind farm development.

“China Wind Power Market Outlook 2014” gives an unprejudiced overview on the Chinese wind power market like installation capacity by region and province, wind power capacity utilization, wind power resources and potential, wind power equipment market, current and anticipated future scenario of offshore wind power, regulatory landscape, tariff structure and competitive landscape. It will help readers get familiar with current and expected future trends with respect to the Chinese Wind power market.