February 1, 2019 Read More →

China expected to take lead in offshore wind capacity by 2021

Greentech Media:

The U.K., which now leads the world in offshore wind installations, will soon lose its title to China, despite plans to double its capacity by 2030. The analyst firm FTI Consulting expects China’s cumulative offshore capacity to pull ahead of the U.K. after 2021.

That year, China is expected to have almost 10.9 gigawatts of cumulative capacity, compared to less than 10.4 gigawatts in the U.K. China has been catching up with the U.K. since 2017, when Chinese offshore wind installations breached the 1-gigawatt mark.

From 2019 onward, FTI Consulting expects China to install 2 gigawatts per year, rising to 4 gigawatts annually by 2025. In contrast, the U.K. is not expected to reach 2 gigawatts per year until 2024.

China’s advancement comes as the U.K. completed a number of prominent projects in 2018, including the world’s largest operational offshore wind farm, Walney Extension, which clocks in at 659 megawatts, plus the 573-megawatt Race Bank and 400-megawatt Rampion plants.

Pointing to the scale of China’s ambitions, this month Jiangsu Province in eastern China was reported to have approved 24 offshore wind projects with a total capacity of 6.7 gigawatts, all due to come online before the end of 2020. The 122.29 billion yuan (USD $18 billion) investment is part of a plan called “Three Gorges on Sea” that aims to develop 10 gigawatts of offshore wind in Jiangsu, reports said.

The Jiangsu projects approved this month are nearly six times as much as the 1.2 gigawatts of offshore wind power that China installed nationally in 2017, based on figures from the Global Wind Energy Council (GWEC). They also represent more than twice as much capacity as the whole country had installed offshore at the end of 2017, which GWEC put at almost 2.8 gigawatts.

More: China set to overtake UK as offshore wind leader by 2021

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