China Wind Market Growth Amidst Financial Crisis
There has been a significant increase in the cumulative and annual wind power capacity of China over the years. For the past four years, the Chinese wind power market has been growing at the rate of over 100% annually. The industry has doubled in 2008 compared to the previous years, in terms of wind installations. In 2008, China had a cumulative wind installed capacity of 12,212 MW and an annual wind installed capacity of 6,300 MW. A range of renewable energy policies and incentives provided by the government has propelled the growth of the Chinese wind market.
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