Mainland China’s wind farm developers and equipment suppliers face a substantial drop off in installation volume in 2018 when Beijing’s proposed cuts to wind power tariffs are expected to take effect, industry executives warned.
Profitability will also be hampered by further power grid bottlenecks and intensifying competition over price and sales volume amid wider capacity oversupply, they told the China Windpower conference.
“What worries us is [plant] utilisation, which has been falling much more than expected,” said Alvario Bilbao, the Asia Pacific chief executive of Gamesa, one of the world’s largest wind turbine makers.
The Spanish firm has stayed in the China market – the world’s largest - despite its market share dropping to 0.27 per cent in 2014 from 36 per cent a decade earlier due to stiff competition from domestic rivals.
Read more: China’s wind power industry faces slowdown as tariff cuts loom | South China Morning Pos
Profitability will also be hampered by further power grid bottlenecks and intensifying competition over price and sales volume amid wider capacity oversupply, they told the China Windpower conference.
“What worries us is [plant] utilisation, which has been falling much more than expected,” said Alvario Bilbao, the Asia Pacific chief executive of Gamesa, one of the world’s largest wind turbine makers.
The Spanish firm has stayed in the China market – the world’s largest - despite its market share dropping to 0.27 per cent in 2014 from 36 per cent a decade earlier due to stiff competition from domestic rivals.
Read more: China’s wind power industry faces slowdown as tariff cuts loom | South China Morning Pos
