Annual Wind Power Capacity Additions in China Will Get Boost from 2021

Wind Industry Profile of

The recently announced switch from a FIT scheme will bring new growth to Chinese wind power once the auctions are established in the region

Annual grid-connected wind power capacity is set to overtake installed capacity in China this year and stay ahead over the next 10 years. Curtailment and the transition from a feed-in tariff (FIT) to an auction mechanism will impact grid-connected capacity until 2020. Once the auction mechanism is properly in place, average annual capacity additions will increase from 2021 to 2027.  By 2020, China is expected to surpass its national cumulative wind power target of 210GW set in the Thirteenth Five-Year Plan for Wind Power. On average, Chinese wind developers will connect more than 20GW per year over the 10-year outlook.... ... More: Official Press Release MAKE

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China, consulting, MAKE, auction, capacity, wind power