OFF S H ORE WI ND I N C H I NA
S H I F T I N G R AV I T Y WITHIN OFFSHORE WIND R E P ORT BY QUARTZ + CO
China’s rapid expansion within offshore wind represents an opening for the offshore wind sector to move from being a North European niche to becoming a global industry, apt for growth. European companies should be ready to take advantage of the experience and the capabilities acquired from building up the industry. Expectations for growth in the offshore wind industry, historically concentrated in Northern Europe and around the North Sea, far exceed anything ever experienced before in the cleantech sector. But the industry must anticipate a major shift in its centre of gravity. According to Quartz+Co’s report Wind in China, the emerging Chinese market is essential in ensuring continued, international growth within offshore wind – a development that should be welcomed by all players in the industry. It is, however, a race against time as the enormous investments and governmental subsidies to fuel growth are pressured by the repercussions of the financial crisis and competing sources of energy as well as significant supply risks. Offshore wind in China is only in the beginning of the life cycle. China will be dedicated to meeting their ambitious targets and offering paths to future growth for do-
The development towards de-risking and lowering CoE in the Chinese offshore wind sector can be accelerated by introducing European technologies and capabilities.
mestic players. But the development towards de-risking and lowering CoE in the Chinese offshore wind sector can be accelerated by introducing European technologies and capabilities. So whether you’re a utility player, a supply chain player or an investor in the European offshore wind sector, we’re convinced that you will be challenged by this question; how can you exploit business opportunities in the Chinese offshore wind sector?
EXTRAS opposition.quartzco.com /others
Read the full report that offers a snapshot of the Chinese offshore wind industry as well as a high-level assessment of the maturity level of the different categories in the value chain.
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