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2016 offshore wind power leader summit held in China is expected to speed up the installation

Published:2016/6/30 14:44:11 Source:

The electricity tariff is expected to maintain the original price during “13th five year” period. The key is reduce the cost. When compared with mature development for onshore wind power, slow offshore wind power development still has their own problems. More industrial technology still not matured in terms of construction, operation and maintenance and can not meet the actual test. By 2017, China wind power project price for intertidal zone is RMB 0.75/ kWh and offshore zone is RMB 0.85/kwh.

Construction costs is gradually decline. According to planning and Design Institute of water conservancy and hydropower vice president Mr. Yi introduced, according to current national offshore wind power construction for preliminary analysis, offshore wind power’s main cost is in terms of equipment and installation, equipment installation construction accounted for 66%, installation accounted for 24%. From 2009 to 2015, China's offshore wind power cost went down to 16,000 per KWH (from original 23,000 per KWH). WTG was also decreased from over RMB 9000 to over 6000, foundation were dropped from RMB 5500 to 4800, installation cost for WTG declined from RMB 1800 to 1300. We expect that with gradual construction of demonstration projects, offshore wind power costs will fall further by the end of 2020. Construction cost per KWH is expected to only RMB 8000, electricity cost is expected to descend into RMB 0.6~0.65 per KWH.