What are the concerns of China's wind power market in 2018?
In 2017, new wind power projects in several provinces in northern China were stopped due to severe power restriction, and the installed speed of onshore wind power in China decreased significantly. Benefiting from the rebound of national power demand growth, a large number of UHV put into operation and other wind power abandonment and power restriction measures, wind power restriction was significantly improved in 2017. We expect that with the improvement of wind abandonment in the red warning area, the installed capacity of some projects in the three northern provinces may be restarted in 2018. In addition, decentralized wind power and offshore wind power development projects will further increase China's total wind power installed capacity.
Onshore wind power construction is expected to rebound
We believe that several factors will promote China's onshore wind power construction in 2018. First of all, some northern provinces that had been called to stop construction due to severe power rationing may restart; Secondly, developers will accelerate the commencement of reserve projects before the expiration of the subsidy policy in 2020; In addition, the decentralized wind power market will also be opened. We expect onshore wind power to rebound to more than 20GW in 2018.
