It pays to be fast

Tuesday, 15 December, 2015 - 10:30

Chinese companies are pushing onto the offshore wind power market. Sany, a Chinese mechanical engineering company and wind turbine manufacturer, has handed over a Green Energy Commitment to the Indian Prime Minister Narendra Modi. By 2020 the company wants to put 3 billion US dollars into offshore wind power technology.

Sany aims to implement 2,000 MW of renewable energy projects in India. The company will bring in “relevant expertise, operational excellence and global best practices for development of renewable energy”, Sany claims in a statement.

It was also made public recently that China Three Gorges Corporation, one of the largest energy companies in the world, has agreed with the Portuguese energy company EDPR to purchase up to 30 % of the shares of Moray Offshore Renewables (MORL). MORL is currently 100 % owned by EDPR and is developing an offshore wind farm in the Scottish bay of Moray Firth. The 1,000 MW project still has to come out of the next CfD round successfully, however.

While Chinese companies are busily pushing onto new offshore wind power markets, the Chinese market itself remains poorly accessible to foreign companies. Nevertheless, European companies like for example Dong Energy certainly wish to expand globally. The company has an eye on the USA – obviously, as well as Taiwan. The market there seems to be developing into a promising market faster than in other places and European companies can score points there especially thanks to their track records.

But it would certainly be wrong to think that the Europeans were the only ones to have discovered this up-and-coming market. Taiwan will also be looking promising to the Chinese, especially as Chinese companies can score over the Europeans in terms of proximity. For Europeans wishing to get a foothold in the Taiwanese offshore wind business there is thus one main priority: to move quickly.

Katharina Garus

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