Offshore wind power sector predicts rebound

By Richard Fu | April 9, 2014, Wednesday |

Online Edition

China’s offshore wind power sector is expected to rebound this year as the government may announce a tariff policy.

While China has become the world's largest wind market, the offshore sector has had a relatively slow start mainly due to high costs. A lack of clear tariff incentives made developers reluctant to invest in the offshore sector last year.

“We expect the government to announce preferential tariffs for the offshore sector soon, and this year could be the start for the booming offshore sector,” said Liu Qi, deputy general manager of Shanghai Electric Wind Energy Co, a joint venture between Shanghai Electric and Siemens.

Liu was speaking today at a press briefing about a major industry fair in Shanghai later this year. Shanghai Electric Wind, Goldwind Science & Technology, Spain-based Gamesa and other wind companies from home and abroad will attend the Offshore Wind China Conference & Exhibition on July 2-4 at ShanghaiMart.

China’s total offshore wind capacity stood at 428.6 megawatts at the end of 2013, but only 39MW were installed last year, industry figures showed.

Liu said Shanghai Electric Wind would deliver turbines to four projects this year, including the second phase of the Shanghai Donghai Bridge Wind Farm, a 116.6MW offshore facility.

Business Energy

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Offshore wind power sector predicts rebound

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