Building the World’s Largest Offshore Wind Farm in China
State Power Investment Corporation (SPIC), one of the biggest power generators in China, is currently in the process of building a 800 megawatts offshore wind power farm outside the coast of eastern Yancheng, Jiangsu province. Once it begins operating in 2018 it will be the world’s largest offshore wind farm.
In China, the increasing interest in offshore wind farms has according to China Daily (2017), been driven by the country’s major economic hubs being located near the coast. In addition, lower costs due to increased competition and matured technology, have also made these wind parks even more attractive in China. Currently, China’s installed wind power capacity is estimated to be around 176GW.
Expected increase in Offshore Wind Farms in China
According to National Energy Administration (NEA), China plans to invest RMB 2.5 trillion in renewable energy by 2020. The announced investment is part of the country’s 13th Five-Year Plan for Renewable Energy Development, which aims to increase the share of China’ electricity generation coming from renewable energy sources to about 20% by 2020. These investments in the renewable energy sector are also expected to create about 13 million new jobs.
*Featured image: China Daily, 2017.