China will invest more than 700 billion yuan (approx. US$100 billion) in wind power facilities from 2016 to 2020, according to the National Energy Administration of China’s latest wind power development plan.
Directives call for an accumulated on-grid installation capacity of wind power facilities to reach 210 GW by the end of 2020. The country aims to increase its on-grid installation capacity of offshore wind power facilities to more than 5 GW. It also aims to ensure its annual wind power generation volume reaches 420 TWh, accounting for 6 percent of the country’s total power generation volume. [rew]