China will remain as largest wind market: report
It will add 70GW to 80GW annually until 2030.
China is seen to remain the largest wind market globally with expected annual installations of between 70 gigawatts (GW) and 80 GW for the rest of the decade.
In a report, the Global Wind Energy Council (GWEC) said that China needs to add 250 to 300 GW of wind power from 2021 to 2025 to meet the Chinese government’s targets.
China targets to have non-fossil fuels account for 25% of the country’s primary energy mix by 2030. The National Energy Administration also predicted that wind and solar development will double by 2025 from 2020 levels, with renewables accounting for over 80% of the total new electricity consumption.
With 758GW wind and solar capacity connected to the grid by end-2022 and over 80GW wind turbine orders announced and awarded last year, the council expects China to reach its 1,200 GW solar and wind target by 2025, five years ahead of schedule.
“With annual installations of 70–80 GW for the rest of this decade, there is no doubt that China will remain the world’s largest wind power market,” the report read.