Abstract
China is roaring ahead with wind power build-out on its way toward 135 GW of
installed wind capacity by 2020 -- a $300 billion investment over the period.
These enormous investment levels are intended to clean up China' s energy
picture, and to support the development of a globally competitive wind turbine
supply chain, from turbines to gearboxes and blades. The bottom line: China' s
wind power explosion will have a transformational impact on the global
industry. What are the opportunities to participate in China' s wind
development? How can you navigate the complex regulatory and financial
environment? Which of China' s wind turbine and component manufacturers have
the strongest position and which are planning to export? EER' s new study,
China Wind Power Markets and Strategies, 2008- 2020, provides critical
competitive analysis for those seeking to compete in China' s wind market --
helping to navigate and evaluate opportunities - for those trying to
understand the unfolding wind turbine supply industry and its implications for
global competition. Key findings in the study:
- China is on track to lead the global wind market in annual installations
by 2011, supported by strong political will, improving incentives, and vast
natural and industrial resources. But growth will depend on greater supply
competition, improved and enhanced transparency of project economics, and
improvements in the quality of locally manufactured turbines and wind project
design. How these factors evolve will determine the size and nature of
opportunities in the decade ahead.
- China' s wind development value chain is evolving, with major state
generators consolidating their presence while IPPs and foreign entrants seize
opportunities as project owners, operators, and technical consultants. China' s
industry-wide demand for project management and technical skills will
perpetuate opportunities for foreign ownership,
executed in the form of equity-based partnerships.
- Turbine and component manufacturers are stepping up to meet booming
demand, striking a balance between quality, production capacity, cost, and
local content. China' s national wind power base initiative is creating
opportunities for manufacturers to scale up their product offering to capture
mega-scale project contracts as well as potential export sales. As the market
matures, rapid supply chain build-up should introduce reliable sourcing
options for all players, enabling greater standardization in quality and
pricing.
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