SMRs and AMRs

Thursday, June 05, 2008

Wind energy: China powers ahead

China’s Wind Power Development Exceeds Expectations

by Junfeng Li on June 2, 2008
Worldwatch

A recent boom in Chinese wind power development has surpassed the government's original target and forced policymakers to set a new goal that might still be too modest.

In 2007, cumulative wind installations in China exceeded 5 gigawatts (GW), the goal originally set for 2010 by the National Development and Reform Commission (NDRC), China's top economic planner. The Commission had set the target in its 2006 mid- and long-term development plan for renewable energy. The plan's target for 2020 was 30 GW, a level that is now projected to be reached by 2012, eight years ahead of schedule.

In March, the NDRC revised its mid-term target, doubling it from 5 GW to 10 GW for 2010. Yet this new goal is still too modest, with wind installations likely to reach 20 GW by 2010 and 100 GW by 2020. China is witnessing the start of a golden age of wind power development, and the magnitude of growth has caught even policymakers off guard.

China's wind power sector has experienced tremendous development since early 2005, when the government enacted its landmark national renewable energy law. Added installed capacity grew by over 60 percent in 2005, and it more than doubled in both 2006 and 2007. By the end of 2007, cumulative capacity had reached roughly 6 GW, ranking China fifth in the world in wind installations. The country added 3.3 GW in 2007 alone, trailing only the United States and Spain. In total, the world installed 94 GW of wind power that year, with Germany accounting for about 20 GW and the United States 16 GW.

The breathtaking growth of Chinese wind power illustrates how effective government policy can influence the market.

(Continued here.)

0 Comments:

Post a Comment

<< Home