China to triple wind power capacity by 2030

China to triple wind power capacity by 2030

Editorial Staff
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Beijing will see an important intermediary step in 2020 which will see the 250 GW mark of wind energy production up from the current 149 GW. Other wind farm projects are in store for this year in the regions of internal Mongolia, Jilin, Heilongjiang, Gansu, Ningxia and Xinjiang.

Wind power installed capacity in China will increase from the current 149 GW in 2015 to over 495 GW by 2030, according to research and consulting firm GlobalData. This will make China the country with the highest wind power globally by far – Beijing alone already accounts for a third of cumulative wind power capacity worldwide in 2015, followed by the US (with 17% of the global share). But the success of Chinese wind power generation also depends on the ease with which concessions can be obtained as well as the facilitated loans from banks to whomever wants to open a plant to harness wind energy. Moreover, according to the country’s 5 year development plan, an important intermediary step will arrive in 2020 by which date the country is to have reached an installed capacity of 250 GW. Other wind farm projects in store for this year in the regions of internal Mongolia, Jilin, Heilongjiang, Gansu, Ningxia and Xinjiang.