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China trebling its wind power capacity

China’s wind-power installed capacity will escalate to 495 GW by 2030, says Global Data Wind Power Engineering, May 5, 2016 Michelle Froese  Wind power installed capacity in China will more than treble from approximately 149 Gigawatts (GW) in 2015 to over 495 GW by 2030, representing a Compound Annual Growth Rate (CAGR) of 9%, according to research and consulting firm GlobalData.

The company’s latest report* states that China has the highest wind power globally by far, accounting for a third of cumulative wind power capacity worldwide in 2015, followed by the U.S. with 17% of the global share…….

Srivatsava comments: “China’s quick adoption of wind power can be attributed to a wider global trend driven by depleting fossil fuel reserves, the declining cost of wind power generation and a growing sensitivity towards environmental issues.

“China’s 13th Five Year Plan raised the 2020 wind target to 250 GW, and aims to shift focus from scale expansion towards quality and efficiency. In order to tackle rising pollution levels and reduce its dependence on imported oil, the country is promoting renewable energy sources such as wind. The government has a number of financial incentives such as feed-in tariffs in place to continue the development of wind power.”…….http://www.windpowerengineering.com/policy/reports/chinas-wind-power-installed-capacity-will-escalate-495-gw-2030-says-globaldata/

May 9, 2016 - Posted by Christina Macpherson | China, renewable