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John Butler's picture
Director Transition Ignition

Oil and gas professional with over 20 years of experience. Extensive knowledge in developing the strategic growth of upstream business units; through management of P&L increasing turnover...

  • Member since 2020
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  • Feb 26, 2021
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China’s growth in offshore wind installations will primarily be driven by developers’ rush to complete projects before Beijing withdraws its tariff subsidy programme at the end of the year. These subsidies have been removed from onshore wind as the economies of scale have been reached to ensure these projects can be deployed and generate adequate ROI. These same subsidies will be removed from offshore wind by the end of 2021 for the same reason.

The question is does this represent a threat to supply or costs for the rest of the global renewable energy market? Where wind blows green hydrogen is sure to follow. It will be interesting to see how China approaches the emerging hydrogen economy?

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Matt Chester's picture
Matt Chester on Feb 26, 2021

Is there any situation where you see the tariffs being extended, particularly if China does get attracted to the wind / hydrogen pairing and want to ensure they stay ahead of the pack globally in moving to this space? 

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