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China Poised to Lead the Way in Wind Energy Generation

China Poised to Lead the Way in Wind Energy Generation

  • March 2015
  • 9 pages
  • ID: 2838386
In this report:
There was a ##.##% decline in annual capacity additions for wind power in 2010 due to a combination of factors such as weak economic conditions, reduced demand for electricity, competition from natural gas, and a lack of supportive long-term policies.
In the US, windturbine prices have fallen by more than ##% since 1980, which has undoubtedly helped the domestic wind industry to grow, benefitting both utilities and consumers.

Summary

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China Poised to Lead the Way in Wind Energy Generation

Brief

In comparison to the US, China's installed wind capacity remained negligible during the early years of the 21st century, but the industry picked up pace from 2007 and saw a quick increase in the number of wind turbine installations. In 2010, China's installed wind capacity exceeded that of the U.S. by about 5 Gigawatt, a gap that has been widening ever since. However, despite China's larger capacity, the U.S. currently generates more electricity using wind energy than China (CN), attributed to China's slower wind speeds and inadequate grid infrastructure, which prevents it from fully accommodating the quick increase in the number of wind turbines in remote areas.

Overview

- Wind installed capacity and generation trends in China (CN) and the U.S.

- Factors effecting the wind power market in the two countries

- Impact of policy change on the wind market

Great reasons to purchase

- Comprehend the wind capacity and generation trends in the U.S. and China (CN)

- Gain insight into the main factors affecting the wind power industry

- Identify policy changes and their impact on the sector

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