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China added 50% of all new global wind power capacity in 2015

May 23
16:05 2016

China accounted for nearly half of all new global wind installations last year, installing a total of 30.5 GW, according to GlobalData.

Research and consulting firm GlobalData has published a new report showing China was responsible for almost half of all new wind installations globally during 2015.

GlobalData has also predicted that China’s installed wind capacity will to triple by 2030, and is expected to reach 495 GW, up from 149 GW last year.

Ankit Mathur, GlobalData’s Practice Head for Power, said: “After focusing on increasing its installed capacity, China’s 13th Five Year Plan has raised the 2020 wind target to 250 GW, and aims to shift the focus from scale expansion towards quality and efficiency.”

Mathur added: “Indeed, the Operations and Maintenance (O&M) market in China, and all over the world, is poised for a growth phase.”

Earlier in May, GlobalData highlighted China’s likely future wind installation pattern, which runs parallel to the government’s aim to reduce its reliance on fossil fuels and cut carbon emissions.

The United States came second on the list with 8.6 GW, followed by Germany with 6.1 GW, and Brazil and India, both with 2.6 GW, according to the report.

Mathur said: “Most original equipment manufacturers witnessed an increase in service revenue in 2015 over 2014, as turbine maintenance continued to provide steady revenue… Companies such as Gamesa, Vestas and Nordex performed strongly in 2015 in terms of O&M revenues.”

Source: climateactionprogramme.org

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