China issues more wind farm approvals this year

China wind

China is increasing its efforts to create more renewable energy projects in the near future. Bloomberg reported the country's approval of wind farms increased in 2012 by 8 percent compared to last year. The farms will help China meets its goal of having a total of 100 gigwatts of installed capacity by 2015.

China's National Energy Administration issued permits to wind farm developers to build projects that would generate 29 gigawatts of electricity, the article stated. In 2011, 26.83 gigawatts of capacity were granted approval by the Chinese government. Installations will "pick up" more gradually than ever before, Justin Wu, head of wind analysis at Bloomberg New Energy Finance said in the article.

"This could not have come any sooner for many Chinese wind-turbine manufacturers that are sitting on massive inventories of undelivered turbines from the past several years," he said.

China Guangdong Nuclear Wind Energy recently struck a deal with a Spanish wind energy company Gamesa to have them provide 58 wind turbines that will generate more than 49 megawatts of electricity, Energy Business Review reported. Its expected the wind farm will be connected to the grid before the end of the year.

PennEnergy's research area offers details on the wind energy market in China.

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