Rapid expansion of the Chinese wind market is resulting in the opening up of the country’s offshore market. The Chinese offshore wind capacity is expected to increase from 1 MW in 2008 to exceed 400 MW by 2011 as a result of supportive policies by the government for wind power promotion and development. The nascent market for offshore wind provides opportunities for international equipment suppliers, service providers and developers. International market participants can leverage on their technological expertise in offshore wind to harness the growing market. However, a mandate for domestic sourcing of 70% of the value-add, combined with a 49% cap on farm ownership and stress on pricing over quality are expected to be major challenges for international market participants in this market.
Scope
- GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and Our views of various developments that have been taking place in the alternative energy industry across the world.
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- Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry. - Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today - Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry - Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
