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- China Wind Energy Market Competes Globally, Despite Slowing Domestic Growth
China Wind Energy Market Competes Globally, Despite Slowing Domestic Growth
- By Electronics.ca Research Network
- Published February 19, 2013
- Alternative Energy
China's importance as a wind energy market has entered a new phase, which will profoundly impact the global wind market in years to come. Firstly, China continues to deploy wind capacity at a pace unrivaled on the global stage, with over 14.5 GW installed in 2012, and roughly 18 GW forecast for 2013. Despite the growing pains that come with this pace of growth, China will continue to exist as the dominant global market for wind power for the foreseeable future, and is forecast to far exceed the government's goal of 100 GW of total wind capacity installed by 2015.
2012 marks yet another significant trend beyond just domestic growth. Just five years ago, China was widely perceived as mainly an equipment exporter, with product quality that did not necessarily meet international standards. In 2012, however, major Chinese wind players like XEMC, Ming Yang and Sinovel (among others) announced large foreign projects in important global emerging markets, and Chinese developers and manufacturers competed globally in terms of both quality and scale, engaging in acquisitions and sales all along the value chain.
FIGURE: China Wind Installed Capacity, 2004-2012, Forecast to 2020
Source: China Wind Market Quarterly: Q4 2012
As China gains footing as the new world leader in wind power, understanding its influence on the global renewables market has never been more important than today. This quarterly report series is the definitive resource for wind professionals seeking the most strategic data and analysis on China's wind market. The 90-page Q4 report includes analysis of:
- Wind capacity by manufacturer, developer, and geography
- Regulatory policies
- Data & analysis on curtailed wind power
- Financial trends and forecasts
- Economics of wind energy in China
- Background on China's Grid
- Analysis of more than 10 top developers
- Click here to learn more!
The China Wind Market Quarterly Report is available individually or as part of an annual subscription.
2012 marks yet another significant trend beyond just domestic growth. Just five years ago, China was widely perceived as mainly an equipment exporter, with product quality that did not necessarily meet international standards. In 2012, however, major Chinese wind players like XEMC, Ming Yang and Sinovel (among others) announced large foreign projects in important global emerging markets, and Chinese developers and manufacturers competed globally in terms of both quality and scale, engaging in acquisitions and sales all along the value chain.
FIGURE: China Wind Installed Capacity, 2004-2012, Forecast to 2020
Source: China Wind Market Quarterly: Q4 2012
As China gains footing as the new world leader in wind power, understanding its influence on the global renewables market has never been more important than today. This quarterly report series is the definitive resource for wind professionals seeking the most strategic data and analysis on China's wind market. The 90-page Q4 report includes analysis of:
- Wind capacity by manufacturer, developer, and geography
- Regulatory policies
- Data & analysis on curtailed wind power
- Financial trends and forecasts
- Economics of wind energy in China
- Background on China's Grid
- Analysis of more than 10 top developers
- Click here to learn more!
The China Wind Market Quarterly Report is available individually or as part of an annual subscription.
