China’s wind power industry will be independent from government subsidies in three to five years, said Liang Zhipeng, deputy director of the New and Renewable Energy Department under the National Energy Administration, at China Wind Power 2017 in Beijing. The total energy generated from wind electricity, photovoltaic systems and hydropower accounted for 70% of the new installment over the first three quarters of 2017, but the prices of wind and photovoltaic energy are still too high and rely on subsidies to develop.
JUMORE Reviews:
The wind power industry across the world, particularly in China, has grown at a fast pace in recent years, although challenges arising from electricity rationing, high cost and technical bottleneck still exist. For the sustainable development of the wind power, the most urgent thing is to wean off government subsidies and get full participation in the market competition. However, it will be a step-by-step process to reduce dependency on subsidies, as more technology innovation and an improvement in government policy are required to reduce input cost of the wind power industry.
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