First offshore round stalled by doubts
SOA expects offshore wind farms to be built further away from the coast than the previous four sites. But developers fear that deeper sea areas will mean increased costs and risks on projects that have been won on low feed-in tariffs.
They are hoping for an increase in feed-in tariffs, currently set at CNY 0.62-0.73 ($0.098-0.116) per kilowatt hour ...despite far higher development costs.
July 1, 2012
by Wu Qi
in Windpower Monthly Magazine
CHINA: China's first four offshore concession projects, totalling 1GW in Jiangsu province, have been put on hold because of location changes and the dwindling prospects of profitability.
In a country with plans to develop 5GW offshore by 2015 and 30GW by 2020, this puts at risk the technology and management experience expected to aid future large-scale offshore wind deployment.
The projects - two 300MW offshore wind farms in Binhai and Sheyang and two 200MW inter-tidal projects in Dongtai and Dafeng - were awarded in September 2010 following a request for tenders by the government's National Energy Bureau (NEB). But almost two... [continue via Web link]