Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Decarbonisation
  • Electrification
  • Renewables
  • Gas & LNG
  • Finance
  • Trading & Markets
  • Strategies & Trends
Search
Related Articles
Surging battery mineral prices threaten EV growth
EV sales growth remains robust in 2022, but rising mineral prices and supply chain dislocations present near-term challenges, says IEA
Siemens Energy offers €4bn for SGRE takeover
The German technology firm plans to take struggling wind turbine manufacturer Siemens Gamesa into full ownership
EU pushes for 45pc renewables by 2030
European Commission seeks faster deployment of renewables as part of new €210bn plan to cut dependence on Russian energy imports
Renewables sector loses confidence in EU support scheme
Rules governing EU Innovation Fund disadvantage renewables sector and must change, industry groups tell European Commission
Pragmatism fuels Iran's renewables ambitions
Gas and water shortfalls are propelling Tehran to intensify a quest for investment in non-hydro renewable power
Norway ramps up offshore wind targets
Country’s green power exports to rise as government targets 30GW of offshore wind capacity by 2040
Orsted to trial offshore wind-to-reef initiative in Taiwan
Reefing offshore installations could improve ocean biodiversity but faces regulatory obstacles in the US and Europe
Renewables growth to stall without new policies – IEA
Global capacity growth is accelerating this year but will lose momentum in 2023 unless governments offer more support, agency says
Europe can accelerate offshore wind deployment – Orsted
Existing targets can be exceeded if governments streamline consent process and stop trying to monetise development rights, says Danish energy company
China approves three new nuclear plants
China’s nuclear power fleet is expected to overtake the US as the world’s largest by the end of this decade
Rapid growth in onshore wind
China Wind
Stuart Penson
22 September 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

China wind power set for rapid growth and plunging costs – Wood Mackenzie

Onshore wind costs expected to drop by 46pc by 2030 as state policies drive sustained capacity growth, consultancy says

China’s wind power industry is set for a decade of rapid capacity growth and steep cost reductions, positioning it for a key role in the country’s transition to net zero, according to consultancy Wood Mackenzie. The levelised cost of energy for onshore wind, which is more mature than the offshore sector, will drop by 46pc over 2021-2030 and will slip below the official on-grid tariff for coal power as early as next year because of the deployment of bigger turbines and well-established supply chains, Wood Mackenzie says. “Stimulated by China’s target of 1,200GW of wind and solar set for 2030, 408GW of new capacity will be added from 2021 to 2030,” says Wood Mackenzie principal analyst Xiaoyan

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Riyadh hedges its bets with EV ambitions
24 May 2022
The Saudi government is leaving little to chance in plans to create an EV-manufacturing cluster on the Red Sea coast
Surging battery mineral prices threaten EV growth
23 May 2022
EV sales growth remains robust in 2022, but rising mineral prices and supply chain dislocations present near-term challenges, says IEA
Siemens Energy offers €4bn for SGRE takeover
23 May 2022
The German technology firm plans to take struggling wind turbine manufacturer Siemens Gamesa into full ownership
EDF revises Hinkley Point C cost by £3bn
20 May 2022
The first UK nuclear project under construction in decades also sees its startup date slip to 2027

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Transition Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search