Capex to fall by 40% to average US$3 million per MW by 2025-2030 Floating offshore could be the next frontier in wind power development in Asia Pacific, says Wood Mackenzie.
Guiding Opinions of the State Council on Accelerating the Establishment and Improvement of a Green and Low-Carbon Circular Development Economic System
On February 23, according to Xinhua News Agency, the State Council recently issued the “Guidelines for Accelerating the Establishment and Improvement of a Green, Low-Carbon Circular Development Economic System” (Hereinafter referred to as the “Guiding Opinions”).
Under the pressure of reaching carbon emission peak and carbon neutrality, Jiangsu is trying to boost its wind power installation plan. On January 29, the Jiangsu Provincial Development and Reform Commission officially released “the First Public Statement on the Environmental Impact Assessment of Jiangsu Offshore Wind Power Planning during the 14th Five-Year Plan Period”. It […]
On February 19, Shandong Provincial Energy Bureau issued a document about the guiding opinions on Energy Work in 2021, putting forward the implementation of the renewable energy doubling plan. By the end of 2021, the installed power generation capacity of new and renewable energy will reach more than 52 million kilowatts, accounting for more than […]
Exceeding 32 GW! Planned installation and subsidy of offshore wind power in China’s major coastal provinces during the 14th Five-Year Plan period
After Guangdong Province launched the first “provincial subsidy” for offshore wind power, Zhejiang Province followed. Recently, Zhejiang Province’s energy development “14th Five-Year Plan” clearly proposed to actively promote the sustainable development of offshore wind power, accelerate the establishment of provincial financial subsidy, and allocate new projects through a competitive way.
On 10 February, Zhejiang Provincial Development and Reform committee issued the “The 14th Five-Year Plan for Energy Development of Zhejiang Province (Draft for Comments)”. Excerpts from the draft mainly involving wind power are as follows. According to the document, by the end of 2025, Zhejiang’s installed wind power capacity will reach 6.3 million kW and […]
CNOOC: “14th Five-Year” period will see the increase of the proportion of natural gas production to about 35%
China National Offshore Oil Corporation (CNOOC) said on 5th Feb that during the 14th Five-Year Plan period, while maintaining the growth of oil production, it will strive for a significant increase in natural gas production. The proportion of natural gas production is expected to increase to about 35%, and the domestic market share of the natural gas […]
World Forum Offshore Wind (WFO) has published its Global Offshore Wind Report 2020. Globally, 5,206MW of offshore wind capacity went into operation during 2020 compared to 5,194 MW in 2019. This translates into an annual growth rate of 19,1% for the global offshore wind industry.
Recognising that close to 80 per cent of the ocean’s resource potential is in deep waters, Equinor is developing floating offshore wind worldwide.