Jiangsu Province in China is understood to have approved 24 offshore wind projects with a combined capacity of 6.7 GW.
The Xinhua news agency said sources at Jiangsu Electric Power Co had confirmed the project approvals, which highlights the fast-growing nature of the offshore wind market in the country.
As highlighted here, recent analysis by Bloomberg New Energy Finance suggests that China is assuming the mantle of the world’s largest offshore wind market.
BNEF head of wind analysis David Hostert said, “The balance of activity in offshore is tilting. Countries such as the UK and Germany pioneered this industry and will remain important, but China is taking over as the biggest market.”
The new projects, which will require investment of approximately US$18Bn, are part of Jiangsu province’s 10-GW offshore wind plan known as ‘Three Gorges on Sea.’
Xinhua said all the projects had been given the green light and are due to be completed by the end of 2020.
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