China’s Wind Power Sector Foresees a Recovery in 2014

Although some reports indicated that the wind power sector in China showed minimal growth in 2013, the actual situation was not so grim. Recently released statistics pointed to a recovery in the industry, with newly installed capacity rising 24 percent year on year, the bid invitation price rising nearly 15 percent, and the average year-on-year annual wind farm utilization time increasing by more than 100 hours. Newly installed capacity is expected to maintain a growth rate of 20 percent over the next few years, as the grid connection becomes easier and the Chinese government establishes more favorable policies.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/KzY0es

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