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Wind Power

Wind power generation is a mature technology that is embraced in China due to its relatively low cost (compared to other renewable energy sources such as solar power) and abundance of wind resources. Current Chinese government guideline mandates that 30,000 megawatts of wind power be installed by 2020. The Brussels-based Global Wind Energy Council reported that in 2008, China added more than 6,000 megawatts of wind-power generation capacity, bringing China’s total installed wind-power generating capacity to over 12,000 megawatts. Moreover, the Chinese government has mandated that 70% of wind components be sourced domestically by 2010.

Last year, installed wind power capacity doubled to 12.2GW and China accounted for the most new capacity in the world. The growth rate may stay high, as the original target of 30GW may be reached in 2011 and a new target for 2020 may be revised to 100‐150GW. Total investment will likely reach Rmb 1 trillion.