Reference News Network, August 31 - According to a report on the Bloomberg News website on August 29, a massive twin-turbine wind power unit stands out among a row of conventional turbines in the South China Sea, anchored to the seabed by three bright yellow mooring points.
The "Mingyang Tiancheng" is designed to push engineering limits, with an extremely high wind energy capture capacity. It is also a vivid symbol of the ambition of China's green technology enterprises. While companies in Europe, the United States, and Japan have struggled due to political and economic issues, Chinese enterprises have taken the lead in another clean energy industry.
China places energy security at the forefront, has always been a global leader in utilizing renewable energy power, including large-scale solar power stations in the deserts of the west, as well as rows of wind turbines standing offshore, which can capture stronger and more stable sea winds.
The situation is completely different in other parts of the world, especially in the United States. President Trump once mocked wind farms as "ugly," and after taking office, he halted the approval of new offshore wind projects. His government also canceled a project that was nearly completed, causing the stock price of Danish company Ørsted to plummet. The company built the world's first offshore wind farm and had been an industry leader for over 30 years.
Mitsubishi Corporation delivered another blow to the market on the 27th, announcing that the consortium it led would withdraw from three offshore wind projects in Japan, citing supply chain tightness and rising costs since winning the bid in 2021.
Han Yujia (phonetic), a researcher at the Global Energy Monitor organization based in Washington, said: "China's offshore wind projects continue to maintain strong growth because of their advantages in financing, supply chain integration, policy support, and technological advancement. China has a vast and diverse market, providing a platform for domestic companies to develop skills and innovation, thereby shaping global competitiveness."
Chinese industry giants are seizing this opportunity, with wind turbine manufacturers, including the builder of the "Mingyang Tiancheng," increasingly looking overseas to face off directly against established players such as Vestas Wind Systems, Siemens Gamesa Renewable Energy, and General Electric.
"Chinese manufacturers will capture most of the market share because they have significant cost advantages, and many Western companies are currently facing great difficulties," said Cosimo Risi, an energy analyst at Caozi Consulting. "This will make it difficult for Western companies to expand production and invest as Chinese companies do." (Translated by Guo Jun)
On August 1, ultra-large offshore wind turbine blades were shipped from Penglai Port in Yantai Port, Shandong. (Xinhua)
Original article: https://www.toutiao.com/article/7544628199020347913/
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