Related Articles
Rapid growth in onshore wind
Forward article link
Share PDF with colleagues

China wind power set for rapid growth and plunging costs – Wood Mackenzie

Onshore wind costs expected to drop by 46pc by 2030 as state policies drive sustained capacity growth, consultancy says

China’s wind power industry is set for a decade of rapid capacity growth and steep cost reductions, positioning it for a key role in the country’s transition to net zero, according to consultancy Wood Mackenzie. The levelised cost of energy for onshore wind, which is more mature than the offshore sector, will drop by 46pc over 2021-2030 and will slip below the official on-grid tariff for coal power as early as next year because of the deployment of bigger turbines and well-established supply chains, Wood Mackenzie says. “Stimulated by China’s target of 1,200GW of wind and solar set for 2030, 408GW of new capacity will be added from 2021 to 2030,” says Wood Mackenzie principal analyst Xiaoy



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Energy transitions for a sustainable future
1 December 2021
The challenge of meeting global energy demand while hitting net-zero targets will be at the core of this year’s World Petroleum Congress
Wintershall tests CO₂ in subsea gas pipes
30 November 2021
Existing offshore pipelines could be suited to transporting liquid CO₂, gas producer says
France must invest more in clean energy – IEA
30 November 2021
Government faces key decisions next year on modernisation of nuclear fleet and raising clean energy ambitions to align with EU goals, agency says
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video