CX Daily: China’s Offshore Wind Sector Gears Up for Life After Subsidies

Offshore wind /

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 as experts predict the domestic sector will continue its upward trend.

But individual businesses are facing significant turbulence as they prepare to fight for local government contracts. A number of projects already collapsed after companies quoted unrealistically low prices per kilowatt hour to win bids.