The Chinese government’s latest five-year roadmap for renewable energy shows continued growth in the wind sector, with 100 GW of projects likely to be developed through 2015 — the amount of capacity developed world-wide in 2008.
And that’s during a “slowdown.” Compared to the breathtaking growth in installations between 2007 and 2009 in China, the 38% growth in 2010 was a noticeable change. With Project developers in the country still facing quality control problems and grid interconnection roadblocks, and manufacturers seeing declining profits in a crowded market, there are plenty of on-the-ground challenges in China.
But strong government targets and a hunger for any energy sources available are pushing a steady increase in installations, making China a continued leader in the global wind market. The Chinese government projects that by 2050, the market will reach 1,000 GW of installed capacity and be worth $1.9 trillion. That would meet roughly 20% of electricity demand in the country.
That’s a staggering amount of wind development.
Please read more from: http://thinkprogress.org/romm/2012/01/08/399043/china-targets-1000-gw-wind-by-2050/
