China's Offshore Windfarm Costs Continue to Fall, an Industrial Info Market Brief

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.