CHINA BUYS OCEAN WIND BIGTIME

China to invest big in offshore wind power
November 10, 2011 (China People’s Daily)

"China plans to increase the combined installed capacity of its offshore wind power sector to 5 gigawatts by 2015 and 30 gigawatts by 2020, with investments totaling 100 billion yuan, according to the recent national wind power meeting hosted by the National Energy Administration.

"…[O]ffshore wind power represents today’s most advanced wind power generation technology…[but] China's fledging offshore wind power sector lacks experience and has virtually only one offshore wind power project in operation: the Shanghai Donghai Bridge…"

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"China possesses the basic capacities of offshore wind power design, construction and equipment manufacturing. With the advent of the 6-megawatt wind power generating set…China has become the second country in the world after Germany that can independently manufacture a 6-megawatt wind power generation set…[and] China has already constructed a batch of pilot offshore wind power projects, and the 54 wind power generating sets under eight enterprises of China, including the Sinovel Wind Group, Goldwind Science and Technology and Shanghai Electric, have already had offshore wind power operation demonstrations…

"…[E]xperience has been accumulated for the future large-scale development of China's offshore wind power…[and, as a result,] the National Energy Administration and State Oceanic Administration of China jointly issued the Rules for the Implementation of the Provisional Regulations on Offshore Wind Power Development, Construction and Management…"