In Depth: China’s Offshore Wind Sector Gears Up for Life After Subsidies

A controversial decision to cease granting national-level subsidies for offshore wind power projects is unlikely to arrest the industry’s rapid growth, with experts expecting the domestic sector to continue its upward trend.

But individual firms are facing significant turbulence as they prepare to fight for local government contracts — with a number of projects already collapsing after they quoted unrealistically low prices per kilowatt hour (KWh) in order to win bids.