Page 6 - AsiaElec Week 04 2022

AsiaElec RENEWABLES AsiaElec

Chinese wind sector set for 10%

annual growth until 2028

CHINA CHINA’S wind sector could increase by an aver- required for offshore wind farms.
age of 10.2% per year between now and 2028, Moreover, significantly high support struc-
when it potentially could account for 67% of ture costs, high operating & maintenance
total global wind output. (O&M) costs, high electrical infrastructure
Research from BlueWeave Consulting costs, and high turbine costs for offshore wind
showed that China’s energy market is organi- farms have supported large investments in
cally growing due to increasing investment by onshore wind farms, leading to a dominant share
the Chinese provinces to reach the ambitious of the segment in China’s wind energy market.
goal of generating a major amount of energy China is expected to account for about 70%
from the wind. of new wind power capacity expansions globally
Guangdong, for instance, intends to build 30 within a decade, owing to the country’s strong
GW of offshore wind power by 2030, followed by electricity demand. Rapid expansion in power
Jiangsu (15 GW), Zhejiang (6.5 GW) and Fujian demand, fuelled by China’s industrial sector, and
(5 GW). a recent power deficit in September 2021, have
Other provinces have also set up their own driven China’s ambition to accelerate renewable
targets and created offshore wind development energy development. Thus to achieve 70% of new
plans, which have all contributed to the growth wind projects, there is a need for higher ratings
of the Chinese wind energy market. of wind energy plants of >12 MW power ratings,
Advances in technology, as well as the grow- which is driving the growth of the segment.
ing ability to generate power at low wind speeds, The report highlighted recent developments
will contribute to a significant rise in China’s in the country. In December 2021, Orient Cable
wind energy industry in the coming years. (NBO) finished a dynamic subsea cable project
A key driver of the growth is favourable gov- for China Three Gorges at the 400-MW Yangxi
ernment policies. In 2019, the National Develop- Shapa 3 floating offshore wind farm off the coast
ment and Reform Commission (NDRC) issued of China.
a new policy outlining a clear path towards “sub- The project is the world’s first pilot anti-ty-
sidy-free” onshore wind. phoon floating wind turbine, and it will cre-
Because of this law, projects already approved ate 5,500 kWh of clean energy for 30,000
until the end of 2018 will continue to earn the households.
feed-in Tariff (FiT) if they are grid-connected by In December 2021, China’s largest wind farm,
2020. Jiangsu Qidong offshore wind farm, was con-
China also has plans to expand its offshore nected to the grid at full capacity.
wind capacity by 5-6 times during the 2021-2025 The wind farm has a capacity of 802 MW and
period from its 2020 levels. consists of three projects – H1, H2 and H3. Each
In November 2021, Reuters reported that project has an offshore booster station.
China’s State Power Investment Corp (SPIC) The wind farm has been built with an invest-
connected two newly built offshore wind farms ment of $2.26bn and is owned by Jiangsu Hua-
off southern China’s Guangdong province to the wei Wind Power and Qidong Hua Er Rui Wind
state grid. In addition to being China’s largest Power Technology.
green energy operator, SPIC is also the world’s The report said that the leading players in the
leading renewable energy operator, with over China wind energy market are: Goldwind; China
100 GW of installed capacity. Guodian Corporation; CRRC (China); CSIC
The report comes as China has set targets (Chongqing) – HZ Wind Power (China); Envi-
to become greener in the coming decades. The sion Energy (China); SANY (China); Shanghai
government intends to reduce its dependency Electric (China); Sinovel (China); GE Renew-
on fossil fuels to less than 20% by 2060, while it able Energy; Siemens Energy Pvt; Ltd; China
plans to reach peak emissions by 2030 and car- Datang; China Huandian; Mingyang; Guodian
bon neutrality by 2060. United Power Technology and Xiangtang Elec-
Beijing also wants 25% of energy to be trical Manufacturing Corporation (XEMC).™
derived from non-fossil fuel sources by 2030,
and the country intends to use non-fossil fuels
for 80% of its energy in 30 years.
In terms of market share, the onshore seg-
ment continues to dominate. It held the larger
market share owing to the large investment
in the sector and the high capital investment

P6 www. NEWSBASE .com Week 04 26•January•2022