• 2 days Nuclear Bomb = Nuclear War: Saudi Arabia Will Develop Nuclear Bomb If Iran Does
  • 2 days Statoil Changes Name
  • 2 days Tillerson just sacked ... how will market react?
  • 2 days Russian hackers targeted American energy grid
  • 1 day Is $71 As Good As It Gets For Oil Bulls This Year?
  • 3 days Petrobras Narrows 2017 Loss, Net Debt Falls Below $85bn
  • 3 days Proton battery-alternative for lithium?
  • 2 days Ford Recalls 1.38 Million Vehicles (North America) For Loose Steering Wheel Bolt
  • 1 day Oil Boom Will Help Ghana To Be One Of The Fastest Growing¨Economies By 2018!
  • 2 days Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 2 days I vote for Exxon
  • 3 days UK vs. Russia - Britain Expels 23 Russian Diplomats Over Chemical Attack On Ex-Spy.
  • 3 days Why is gold soooo boring?
  • 3 days South Korea Would Suspend Five Coal - Fire Power Plants.
  • 1 day Spotify to file $1 billion IPO
Bearish News Fails To Subdue Oil Prices

Bearish News Fails To Subdue Oil Prices

Despite a week of bearish…

Oil Markets Set For A Major Move To The Downside

Oil Markets Set For A Major Move To The Downside

Oil markets are likely heading…

New Report Forecasts China to Have 150GW of Wind Capacity by 2015

According to a recent study carried out by GTM Research, titled ‘China Wind Market Quarterly’, China is on course to reach 150 GW of installed wind capacity by 2015, outstripping the government’s goal of 100 GW by quite a margin.

The vast increase in installations will be achieved as a result of steady government support, and rising domestic demand.

China did feel the effects of the global financial slowdown in 2008, however its renewable energy sector has boomed, with the wind industry leading the way. In 2006 China had just 3 GW of installed wind capacity, around 4% of global capacity, yet since then it has installed over 50 GW of grid-connected wind power and 70 GW of total wind capacity, which now gives it around 35% of the global total capacity.

Related Article: Wind Energy: Swapping Turbines for Kites

One problem, and probably the main problem, that China faces is that most of its wind power installations are situated in several northern and western provinces that are sparsely populated, so cannot use all the electricity generated by the local wind farms, and lack the transmission capacity to carry the power to larger cities where demand is higher. In order to overcome this failing China has huge plans to overhaul its energy grid in the coming years.

By. Joao Peixe of Oilprice.com

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News