[Inside China Business] China races ahead of Europe and the US in wind, as our developers lack suppliers and capital
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China’s dominant positions in supply chain, manufacturing, and trade flows means that they can uniquely take on projects that are too costly for anyone else. This is particularly true of major capital-intensive projects.
Recent developments in wind energy show that China is aggressively investing in wind power across the developing world, particularly in other BRICS nations. Meanwhile, the United States is postponing or canceling wind projects, even in areas best suited for offshore wind.
Chinese companies are focusing on much larger wind systems, and building them faster. Goldwind, a Chinese turbine manufacturer, recently broke records for size, construction time, and power generation.
Resources and links:
New York Times, China Reaches Record Trade Surplus, Raising Alarm Abroad
Zerohedge, Jersey Shore Wind Power Project Stalls After Having A “Hard Time“ Finding Someone To Manufacture Turbine Blades
NJ hits pause on offshore wind farm that can’t find turbine blades
AP, Orsted scraps 2 offshore wind power projects in New Jersey, citing supply chain issues
Reuters, China’s SPIC invests $147 million in Brazil wind farms, launches solar parks
China dominates global supply of solar panels and wind turbines
Chinese firm installs world’s biggest wind turbine in ‘record’ 24 hours
Average Electricity Rates (per kWh) by State
US Offshore Wind Farms Are Being Strangled With Red Tape
New York nixes 3 offshore wind projects, notes GE Vernova move to abandon 18-MW turbine
Closing scene, Fenghuang Ancient Town, Hunan
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