Offshore wind development boom or cooling

On November 15, Liu Qi, deputy director of the National Energy Administration, stated at the "2012 Beijing International Wind Energy Conference" that in the future wind power development will be optimized and the development will be focused on parallel with decentralized development. Priority will be given to the development of onshore wind power with good market conditions and active and steady development. Offshore wind power, maintain a moderate scale of wind power construction. Industry analysts believe that this may cool down the current boom in offshore wind power development.

According to the “Twelfth Five-Year Plan” for wind power development in China, the installed capacity of offshore wind power will reach 5,000 MW by the end of 2015; by the end of 2020, the installed capacity of offshore wind power will reach 30,000 MW. According to the current wind power product price estimation, by the end of the “Twelfth Five-Year Plan”, China’s offshore wind power equipment investment will be approximately 19 billion yuan; by 2020, China’s offshore wind power equipment investment will reach 110 billion yuan.

However, according to industry experts, although offshore wind power has good prospects, it is still constrained by factors such as the technological maturity of wind turbine equipment still needs to be improved, the implementation of project planning is not in place, and the introduction of electricity price subsidy policies is difficult. Large-scale development conditions are far from being met. The wind power is mature. This means that it will take time for the offshore wind market to fully open.