“This is quite significant,” said Caitlin Pollock, Asia wind energy analyst for Emerging Energy Research, based in Cambridge, Massachusetts.
“It will spur further growth.” The policy marks the first Chinese subsidy exclusively targeting wind power and highlights the Asian country’s increasing interest in wind as a major source of energy. The government has set an official target of 30 gigawatts of installed wind capacity by 2020.
Last year China had a total of 5.9 gigawatts of installed capacity, according to Emerging Energy Research. The research group expects the country will nearly double that figure this year to 11.1 gigawatts.
Posted on 28th August 2008
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