China’s Wind Giant Sees Demand Boom Resuming After 2021 Blip
- Goldwind reports 11% drop in revenue as installations slump
- Turbine business seen rebounding as world embraces renewables
Source: Goldwind
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For China’s biggest turbine makers, 2021 may turn out to be a year of pause from a torrid pace of wind projects, judging by the bullish outlooks from both the industry and analysts.
The sector has faced a sharp slowdown after delivering a record amount of new capacity last year to beat a deadline for government subsidies. Key incentives for onshore wind ended at the end of 2020, while offshore allowances lapse this year.