Record wind power installations in 2020 have secured China’s position at the top of the global industry despite waning subsidies from Beijing. The 52 gigawatts of new wind power added last year doubled China’s installed capacity in 2019, according to a report released Thursday by the Global Wind Energy Council, an international trade association based in Belgium. The boom in facilities in China was in part due to the fact that 2020 was the last chance for companies to take advantage of central government subsidies and favorable prices for onshore wind farms. The Chinese wind market has beaten the Council’s forecast by more than 70%, raising wind power in China above the combined total for Europe, Africa, the Middle East and Latin America.
FT 17th March 2021 read more »