Has the turning point of China׳s wind power industry really come?

Xin-gang Zhao, Yu-ang Wei and Ling-zhi Ren

Renewable and Sustainable Energy Reviews, 2015, vol. 41, issue C, 1413-1422

Abstract: China׳s wind power industry experienced rapid growth before 2009. However, the growing rate slowed down and the problem of wind curtailment was serious recent years. This paper focuses on the analysis of the turning point of China׳s wind power industry combing with life circle theory. With a panoramic view of status quo, based on the resource endowment, capacity development and future trends, we draw the following conclusions: (1) China׳s potential wind power reserves are still rich and the development of wind power industry will sustain growth for some period in the future. (2) As for market structure aspect, oligopolistic characteristic of China׳s wind power market is still obvious. The market share of China׳s wind power generation is not very high enough in the total generation market. (3) Turning point of China׳s wind power industry has not come yet and the slowing down of development speed at present is mainly caused by inappropriate government intervention. It is estimated the turning point of wind power industry will come around 2020.

Keywords: Wind power industry; Industry׳s life cycle theory; Market concentration rate; Turning point (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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DOI: 10.1016/j.rser.2014.09.036

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