Wind power has also become really cheap in China. Tenders are around 1100-1800 CNY/kW onshore and around 3000 CNY/kW offshore.
At the China Windpower 2024 trade fair held in October, 12 manufacturers presented wind turbines larger than 16MW, and 5 manufacturers are pushing into the 25MW range.
After wind and PV became cheaper than coal in China, subsidies for onshore wind and PV were largely canceled. Subsidies in the offshore sector serve to build up an export industry.
As a result, 2/3 of new PV and wind farms built worldwide are subsidy-free, most of them in China.
At the China Windpower 2024 trade fair held in October, 12 manufacturers presented wind turbines larger than 16MW, and 5 manufacturers are pushing into the 25MW range.
After wind and PV became cheaper than coal in China, subsidies for onshore wind and PV were largely canceled. Subsidies in the offshore sector serve to build up an export industry.
As a result, 2/3 of new PV and wind farms built worldwide are subsidy-free, most of them in China.