China advanced past 50 gigawatts (GW) of on-grid/connected wind power capacity in 2012, and this is expected to grow a further 40% by the end of 2013. In 2012, China had nearly 35% of new wind power installations, according to the Global Wind Energy Council’s 2012 report. GTM Media Research and Azure International in their China Wind Market Quarterly for the fourth quarter of 2012 said the emerging market country is on target this year to add another 18 GW of installed grid connected wind capacity. Based on report projections, China will reach 140 GW of installed capacity by 2015, far exceeding expectations in 2011 of 100 GW.
Some of the underlying strength seen in the Chinese wind market is due to recent government action to help solve some of the domestic wind industry concerns. This included revamping surcharge revenue and pre-appropriating funding this year.
However, rapid growth for China’s wind sector should become more levelled out in the years to come, as the industry should see more linear growth, the report said.
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