Tariffs may be tonic for offshore wind sector
Print Edition
CHINA’S offshore wind sector is expected to blow stronger this year as the government may unveil a tariff policy to ensure investment return for developers.
While China has become the world’s largest wind market, the offshore sector started relatively slowly because of costs. A lack of clear tariff incentives has blocked developers from investing in the offshore sector last year. Though wind farm costs have fallen, idle capacity in many onshore projects has hindered developers from meeting targeted returns.
“We expect the government to announce preferential tariffs for the offshore sector soon, and this year could be the start for the offshore sector to boom,” Liu Qi, deputy general manager of Shanghai Electric Wind Energy Co, said yesterday at a press briefing for the Offshore Wind China Conference & Exhibition to be held on July 2-4 at ShanghaiMart.
In 2009, China set four different tariffs for onshore wind farms based on local wind resources to ensure investment return. The government last month said it will “adjust” onshore prices this year amid falling costs.
China’s total offshore wind capacity stood at 428.6 megawatts at the end of 2013, but only 39MW were installed last year, according to industry figures.
Liu said Shanghai Electric Wind — a joint venture between Shanghai Electric and Siemens — will deliver turbines to four offshore projects this year, including the second phase of the Shanghai Donghai Bridge Wind Farm, a 116.6MW offshore facility.
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