GWEC Report Puts Focus on China's Wind Market

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

Keywords:

GWEC, market, China, onshore, offshore, wind power, FiT, non-subsidized, NEA