Local governments across China have approved 21 offshore wind power projects so far this year. — China Daily
SHANGHAI: With the construction of offshore wind power projects accelerating across China, industry analysts say this will also help expedite other such projects that are scheduled to commence construction by the end of this year.
China Post Securities predicted the commencement of 8.5 gigawatt (GW) of offshore wind power projects by the end of this year, as various regulatory constraints are gradually lifted.
It predicted that this year about 5.59 GW of offshore wind power projects will achieve full grid connection, with three offshore wind power projects already achieving grid connection by the end of September.
Furthermore, about 4.7 GW of projects have already completed most of their construction and are expected to achieve grid connection within the year, it said.
Local governments across China have approved 21 offshore wind power projects so far this year, with a total installed capacity of 10.1 GW, according to China Economic Net data.
As regulatory constraints and other limiting factors are gradually lifted, an increase in domestic offshore wind power production and delivery is likely, said Lin Boqiang, head of the China Institute for Studies in Energy Policy at Xiamen University.
The pace has accelerated since September, when many domestic offshore wind power projects stepped up construction, he said.
The first grid-parity offshore wind power project in Jiangsu province has been approved for commencement, which is also the first of its kind to be approved during the 14th Five-Year Plan (2021 to 2025) period in the province. — China Daily/ANN
