Guangdong leading the way in offshore
Guangdong province, China’s largest regional economy, has revealed ambitious plans to develop its offshore wind industry. The provincial government’s latest initiative, to be the province with the greatest offshore wind capacity by 2025, was released in June. The target is 4GW by the end of the year, and 18GW by 2025, at which point the province is set to become the first to reach offshore electricity-pricing grid parity with traditional feedstocks such as coal. According to International Renewable Agency (IRENA) data China currently has 8,990MW of offshore installed capacity, an increase of 3GW in just 12 months. Guangdong will need to achieve this rate of growth to fulfill its ambitions.
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