According to the latest report from the Global Wind Energy Council, global wind power capacity is expected to decline by 11.6% in 2013. However, the industry is anticipated to rebound starting in 2014, with an average annual growth rate of 11.52% between 2014 and 2017. This recovery signals a positive shift after a challenging year.
In 2012, China generated 100.4 billion kWh of wind energy, accounting for 2% of the country’s total electricity production. This marked a 1.5% increase compared to 2011. The Chinese wind market has now entered a more stable phase of development. However, the rapid growth of wind power has outpaced grid management capabilities, leading to issues like wind curtailment. These challenges are becoming increasingly significant as the sector continues to expand.
Looking ahead, while the growth of new wind power installations in China may stabilize, there will be strong demand for operations, maintenance, and service sectors within the wind industry. A major challenge remains in the integration of wind power into the grid and effective management practices.
From an industry development perspective, factors such as abundant wind resources, supportive government policies, and rising turbine prices continue to drive growth. Looking forward, the share of exports is expected to rise, and solutions to issues like low-voltage ride-through and wind curtailment will help improve profitability for wind farms. Additionally, wind power management and related services are set to become key growth areas.
In the first half of 2013, the introduction of favorable policies and the availability of subsidy funds helped the industry recover slightly. Wind power companies listed on the stock exchange began showing signs of stabilization, with many achieving profitability across the supply chain—from component manufacturing to turbine production and wind farm operations. Over half of these companies reported increased net profits compared to the previous year.
The wind power industry has transitioned from a period of over-enthusiasm to a more realistic and sustainable phase. After several ups and downs, it has gradually returned to a balanced state. According to data from the China Wind Energy Association, new wind power installations in the first six months of 2013 reached approximately 5.5 GW, representing a slight 0.1% year-on-year increase. This modest recovery highlights the industry's resilience and its potential for long-term growth.
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