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China Can Expect a Surge in Offshore Wind Farms, Goldwind Says

  • Company says offshore is becoming more economically attractive
  • Offshore wind tariffs broadening appeal vs. onshore wind
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Photographer: Tomohiro Ohsumi/Bloomberg

China’s development of offshore wind farms could be set to accelerate, supported by favorable government-backed pricing and increased investment.

“Offshore wind is becoming more and more economically attractive” after the government cut the tariffs for onshore projects, Ma Jinru, vice president of Xinjiang Goldwind Science & Technology Co., China’s biggest maker of wind turbines, said in an interview.