Industry Segment: Market Brief | Word Count: 94 Words
Attachment: China

Through nearly 10 years of sustained development, technological progress and the accumulation of experience, China's offshore windfarm investment costs have dropped from 25,000 Chinese yuan (RMB) (US$3,585) per kilowatt (kw) to about 15,000-17,000 RMB/kw (US$2,151-2,868/kw) in the Jiangsu and Zhejiang areas, and to about 17,000-20,000 RMB/kw) (US$2,438-2,868/kw) in the Fujian and Guandong areas. Offshore wind power costs continue to drop and create conditions for future large-scale offshore wind development. Industrial Info is tracking 148 capital offshore windfarm projects worth US$145.88 billion in China.