Offshore Wind Worldwide 2022 edition - Flipbook - Page 27
Offshore Wind Worldwide 2022
I. State and future
of Offshore Wind Projects
A. C
urrent state of offshore wind
development and projects
According to statistics released by the
National Energy Administration (NEA),
China’s renewable energy installation
capacity had reached 1,063 GW at the end of
2021, with year-on-year growth of 13.8%.
This breaks down into 391 GW (up 5.7%) for
hydropower (including 36 GW for pump
storage power); 328 GW (up 16.7%) for wind
power; 306 GW (up 20.9%) for photovoltaic
power (PV Power); and 37.98 GW (up
around 28.7%) for biomass power.
Renewable energy accounted for 44.8% of
the national total installed power capacity.1
In 2020, the global offshore wind industry
installed 6.1 GW of new capacity, led by
China whose installed capacity increased by
50.45% year-on-year.2 The total offshore
wind power cumulative installed capacity
worldwide has exceeded 35.3 GW in 2020
(with China accounting for 28.3%),
representing 4.75 % of the total cumulative
wind power installed capacity worldwide.
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The offshore wind power market in China
continues to grow at a faster pace than any
other country’s market in the world. China is
now the world’s largest market in terms of
total installed offshore wind power capacity
(26.38GW as of the end of 2021).3 In 2021
alone, China installed 16.9 GW of offshore
wind power capacity, a massive amount
(much larger than any other jurisdictions)
which is equal to 1.8 times China’s total
cumulative installed capacity as of the end of
2020. Although offshore wind capital
expenditure has been reduced by 40-50% in
China over the past decade, the latest
available LCOE for the Chinese offshore
market is still priced at RMB 0.64/kWh
(EUR 0.08/kWh), according to State Grid
Energy Research Institute.4
The Chinese government is committed to
increase China’s wind power installed
capacity. The 13th Five-Year Plan for Wind
Power Development applicable from 2016 to
2020 (13th Five-Year Plan) set out the
following goals by the end of 2020: (i) 210
GW of cumulative installed capacity of wind
power (including onshore and offshore)
connected to the grid, among which 5 GW
from offshore wind power; and (ii) 10 GW of
total capacity of offshore wind power
1
First Quarter 2022 Online Press Briefing by National Energy Administration’, published by National Energy Administration on
28 January 2022 (http://www.nea.gov.cn/2022-01/28/c_1310445390.htm); ‘First Quarter 2021 Online Press Briefing by National Energy
Administration’, published by National Energy Administration on 30 January 2021
(http://www.nea.gov.cn/2021-01/30/c_139708580.htm).
2
Global Offshore Wind Report 2021’, published by the Global Wind Energy Council in 2021 (https://gwec.net/global-offshore-windreport-2021/); Global Wind Report 2021, published by the Global Wind Energy Council on 25 March 2021 (https://gwec.net/
global-wind-report-2021/); ‘GWEC REPORT 2021 - ACT FAST TO REACH 2050 TARGETS’, published by LSP Renewables on 9 September
2021 (https://www.lsprenewables.com/blog/view/189/Gwec-Report-2021-Act-Fast-To-Reach-2050-Targets).
3
’National Energy Administration: 2021 China’s wind power photovoltaic power generation new installed capacity of more than 100 million
kilowatts, published by CCTV on 25 January 2022 (https://news.cctv.com/2022/01/25/ARTIip5cn2B8lVD7PrfpUVMF220125.
shtml?spm=C94212.P4YnMod9m2uD.ENPMkWvfnaiV.147); ‘BREAKING: China Connects 16.9 GW of Offshore Wind Capacity to Grid in
2021’, published by offshorewind.biz on 25 January 2022 (https://www.offshorewind.biz/2022/01/25/breaking-china-connects-16-9-gwof-offshore-wind-capacity-to-grid-in-2021/).
4
“China’s Offshore Wind Energy Industry Post-2021”, published by REVE on 22 October 2020 (https://www.evwind.es/2020/10/22/
chinas-offshore-wind-energy-industry-post-2021/77839).