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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