08/16/2019

GWEC Report Puts Focus on China's Wind Market

Altogether, there is no denying that China continues to be on track to lead the transition from traditional energy sources such as coal, to wind and other renewables – and they are proving now that this transition can now be subsidy-free!

Official Press Release GWEC:

Market to watch: China

Wind Industry Profile of

China is the world’s largest wind power market in both new and cumulative installations. In 2018, the country installed 20.2 GW of onshore wind and 1.6 GW of offshore wind, representing 44% and 37% of global market share respectively.

The continued growth of this wind market is mainly due to ambitious policies at the national level which has made wind and other renewables extremely cost-competitive. On 21 May 2019, the Chinese National Development and Reform Commission (NDRC) released a new policy presenting a clear roadmap towards the subsidy-free onshore wind. This regulation means that projects already approved until 2018 will continue to receive the Feed-in-Tariff (FiT) if they are ... ... More: Official Press Release GWEC