China is expected to have reached a total installed
wind power capacity of 248 GW in 2020 representing a compound annual growth
rate of almost 23%.
The figures from the Chinese Wind Energy Association show that China’s
cumulative installed wind power capacity is expected to grow by a factor
of 10 from 2009 to 2010.
China’s wind power has already increased 20 fold from 2005 to
2009 and is expected to reach 20 GW annually by 2014. In 2009, the country
reached 25.8 GW installed, making China overtake Germany to become the
world’s second largest wind market behind the USA, business analyst
Alex Desbarres, Datamonitor Analyst and lead author of the report Renewable
Energy in China, says: “Over the past five years China has continually
outperformed expectations in the global wind power market. Its increasing
power requirements, growing dependency on energy imports and elevated
green house gas emission levels makes wind power a viable and sustainable
complement to China’s existing energy mix.
“The Chinese Government is committing the equivalent of 3% of
its GDP to stimulus spending, while introducing a wide range of policies
to technically and financially support wind power generation.
“As a result we expect the country to grow its wind capacity aggressively
and to hold its position as the world’s largest market in terms
of new capacity additions.”
Desbarres adds: “China’s wind resources are vast but the
potential to exploit them is undoubtedly being driven by aggressive government
policies which aim to diversify China’s electricity supply, support
the growth of the domestic renewable energy industry and boost levels
of investment in infrastructures.”