27 May '16, 11am

China produced almost half of new global wind installations in 2015, says GlobalData

The company states that the next largest wind capacity installer in 2015 was the US, with 8.6 GW, followed by Germany, Brazil and India, with 6.1 GW, 2.6 GW, and 2.6 GW respectively. China is expected to maintain its leading position in 2016 with an annual installed capacity of 23 GW, aided by a supportive regulatory scenario, low average turbine prices, and transmission infrastructure development. Ankit Mathur, GlobalData’s Practice Head for Power, states that: “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. Indeed, the Operations and Maintenance (O&M) market in China, and all over the world, is poised for a growth phase. “Most original equipment manufacturers witnessed an increase in service revenue in 2015 over 201...

Full article: http://www.renewableenergyfocus.com/view/44255/china-prod...

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