Full Title: Chinese Offshore Wind Goes Global
Author(s): Norman Waite
Publisher(s): Institute for Energy Economics and Financial Analysis (IEEFA)
Publication Date: September 5, 2022
Full Text: Download Resource
Description (excerpt):
The offshore wind turbine industry has traditionally split between China and the rest of the world, with different players in each. However, China’s Mingyang Smart Energy (Mingyang) appears poised to disrupt international, non-Chinese markets at a vulnerable time for established competitors.
Mingyang has established itself for its in-house research and development pushing the boundaries on larger capacity offshore wind turbines and blades. If Mingyang succeeds in its UK production facility investment, the global offshore wind industry could change significantly by the end of this decade.