offshore wind china 2013 press release mec intelligence
TRANSCRIPT
Offshore Wind China: Market Insights A perspective on China's ambitious plan to achieve 30GW capacity by 2020 October 2013
China will be the next growth centre of the offshore wind industry. Expectations for growth in the industry far exceed anything ever experienced before in the cleantech sector. New paper by Quartz+Co in collaboration with MEC Intelligence provides a deep dive into the current status of the Chinese offshore wind sector.
In the past five years, offshore wind has grown to become the
fastest growing cleantech technology in Northern Europe. Comparatively, offshore wind in China is only
in the beginning of the life cycle, and it already seems that the Chinese offshore sector will be the future
growth center of the industry.
An analysis of the trends indicates that the sector is a cocktail full of risks and potential returns. While,
the government has announced an ambitious target of 30GW capacity by 2020, the industry faces some of
the issues that are similar to those faced by European companies – such as defining a process for
consenting, approval and governance in general combined with an immature supply chain. If the
challenges are resolved, the growth in the Chinese offshore wind sector will completely transform the
global industrial landscape.
This new paper provides market leading detailed knowledge around the current development of the
industry across the value chain (Policy stakeholders, Bidders, Developers,WTG, Foundation, Installation
& Logistics, Cables players) to explore how the industry is progressing and what is required to accelerate
the development especially with regard to foreign participation.
Current capacity built-out status, provincial development plans, and pipeline estimation for the Chinese
offshore wind industry indicate that the industry is bound for accelerated development. The government
in China is dedicated to meet its ambitious targets and has been offering paths to facilitate future growth
for the domestic players. However, the development towards de-risking and lowering CoE in the Chinese
offshore wind sector will require introduction of advanced foreign technologies and capabilities.
This paper targets to explore the business opportunities in the Chinese offshore wind sector and will be
beneficial to a utility player, a supply chain player or an investor in the offshore wind sector interested in
tapping into the Chinese high growth territory.
Quartz+Co and MEC Intelligence have collaborated with leading North European players in offshore wind
industry to support critical decision making on business models, strategy, and government policies. We
build our insights on our unique global network, industry leading knowledge, high quality facts, and
experience on facilitating projects across the value chain. To download free report, please contact:
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