The Chinese Wind Energy market is booming, and the industry is expecting this trend to continue for the foreseeable future.
¡°Only last year, the Chinese government set a target of 30 GW of wind energy by the year 2020. However, if the framework conditions are right, this figure will be exceeded by far,¡± said Prof. Arthouros Zervos, Chairman of the Global Wind Energy Council (GWEC) during the opening ceremony of the wind power Asia conference in Beijing on 28-30 June 2006.
¡°We therefore urge the Chinese decision-makers to ensure that the details of the new Renewable Energies Law, which are still being worked on, will work in favour of wind energy deployment,¡± he added.
Already in 2005, the Chinese market was boosted in anticipation of the country¡¯s new law, which entered into force on 1 January this year. As a result, nearly 500 MW of new capacity were installed in 2005, more than double the 2004 figure. This brought China up to 1,260 MW of wind energy capacity, thereby passing the 1,000 MW mark which is often deemed critical for sustained market growth.
GWEC estimates that China could reach as much as 170 GW of installed wind power capacity by 2020, given the political will to realise wind energy¡¯s potential in the country.
As the official partner of the Wind Power Asia 2006 event, GWEC hosted a high level panel debate on ¡®Opportunities and Challenges in the Chinese Wind Energy Market¡¯. This debate was chaired by GWEC¡¯s Chairman Arthouros Zervos and CREIA¡¯s Secretary General Li Junfeng. Participants further included senior representatives from Vestas, Nordex, LM Glasfiber, Gamesa, Suzlon, Airtricity.
Participants of the lively debate agreed that the potential of the Chinese market was tremendous if the framework conditions were right. Many industry representatives announced the opening of new manufacturing facilities in China to prepare for the boom ahead.