According to the latest forecast by the Global Wind Energy Association, global wind power installed capacity is expected to decline by 11.6% in 2013. However, the industry is anticipated to regain its upward trend from 2014 onward, with an average annual growth rate of 11.52% between 2014 and 2017. This indicates a long-term positive outlook despite short-term challenges.
In 2012, China’s wind power generation reached 100.4 billion kWh, accounting for 2% of the country's total electricity output. This marked a 1.5% increase compared to 2011. The Chinese wind power market has now entered a more stable phase of development, but the rapid growth has outpaced grid management capabilities, leading to increased wind curtailment issues. As a result, managing wind energy integration has become a key challenge. Looking ahead, while new installed capacity growth may stabilize, the demand for operation, maintenance, and service solutions for wind farms is expected to rise significantly. One of the main hurdles remains the need for improved application management and grid integration.
From an industry perspective, abundant wind resources, supportive government policies, and rising turbine prices are all positive drivers for growth. Looking forward, the share of exports is likely to grow, and as technical challenges like low-voltage ride-through and wind curtailment are addressed, wind farm operations will gradually become more profitable. Additionally, wind power management and related services are emerging as new growth areas within the sector.
In the first half of 2013, the introduction of favorable policies and the availability of subsidy funds helped the wind power industry recover slightly. Wind power companies listed on the stock exchange showed signs of stabilization, with many reporting improved performance. From component manufacturing to turbine production and wind farm operations, most players across the supply chain became profitable, with over half of them seeing year-on-year net profit increases. After a period of over-enthusiasm and a challenging downturn, the industry is slowly returning to a more rational and sustainable path. According to data from the China Wind Energy Association, new wind power installations in China reached approximately 5.5 GW during the first six months of 2013, marking a slight year-on-year increase.
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