Monday, February 20, 2012

Trend in China's Wind: Larger Turbines

The development of renewable energy is concerned not only with adding more new capacities, but also setting up the right projects at the right places. In terms of wind energy, as we talked about in last week’s class, China is the world #1 in new installation, but it faces significant challenges in grid integration, insufficient load factors, mismatch of source and use locations, etc. This Bloomberg New Energy Finance article presents an opinion from industry practitioners on the technological trend in the wind sector: though the common 1.5MW turbines dominate the market, the installations of larger turbines (over 2MW) are increasing. Also, wind farm projects are more regulated than before to ensure a sustainable expansion path.

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