China’s fast-growing wind power market could draw up to $150 billion in investment, if the country adjusts regulations and focuses on needed infrastructure, according to a Reuters analysis.
The country has set a goal of reaching 100 gigawatts (GW) of wind power–a level that is eight times greater than its current capacity and greater than Britain’s entire electricity use.
On analyst predicts that the country’s wind power industry will grow up to 24% a year, and shares of the country’s largest wind turbine maker have risen more than 60% this year.
However, like the U.S., China needs to build new transmission lines. Also foreign wind power firms have had difficulty securing contracts in China, which could discourage foreign investment.
Read the full report at the link below.
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