As of December 2012, the total installed capacity in China reached 75.32GW or 53,764 wind turbines sets, constituting 27 percent of the world market*. With a newly added capacity of 12,96 GW by December 2012, China has produced 35 percent of the world’s wind turbines. It is estimated that China will have 200 GW of installed wind power by 2020, 400GW by 2030 and 1,000GW by 2050**.
The following factors make China a huge potential market for wind energy:
Government incentive policies remain stimulating. The 12th“Five-Year Plan” signaled more investments in eco-friendly industries. Wind Power, as part of the New Energy sector, is one of the seven new strategic industries in China
Large-scale power grid upgrade plans have been scheduled, aiming to improve wind power utilization. The grid-connection target released by the Government aims to reach 100 percent grid connectivity by 2015
Energy demand in China is expected to grow by 75 percent by 2035, accounting for almost a third of the world consumption***. With a forecast of 400GW installed capacity by 2030, it is expected that wind energy will fulfill eight percent of the total energy demand in China
Acceleration of offshore wind power development has been emphasized at central-governmental level, steering the industry focus on increased funding for R&D and support for large capacity 5.0 to 10 MW offshore turbine manufacturing
China is targeting a 40-50 % reduction in CO2 emissions per GDP by 2020
* MAKE Consulting.
**Chinese Government, 12thFive Year Plan.
***According to IEA.