Dublin, Aug. 17, 2018 (GLOBE NEWSWIRE) -- The "China Offshore Wind Power Industry Research Report, 2018-2020" report has been added to ResearchAndMarkets.com's offering.

In 2017, China installed 319 new turbines for offshore wind power, with a capacity of 1160MW, an increase of 97% over the previous year. The cumulative capacity of the offshore wind power showed an explosive growth, from 150MW in 2010 to 2790MW in 2017. The proportion of newly installed offshore wind power in integrated new installation increased rapidly, from 0.74% in 2010 to 5.90% in 2017.

Beginning in 2017, offshore wind power was fully launched in China, and the installed capacity of offshore wind power continued to expand. In 2017, domestic offshore wind power project tenders were 3.4GW, up 81% year-on-year, accounting for 12.5% of the overall national tenders. According to the national 13th five-year plan' for wind power development, the construction scale of offshore wind power will reach 10GW by 2020, and the cumulative grid-connection capacity will be more than 5GW. The CAGR of installed offshore wind power capacity will exceed 75% in the next four years. Combined with the 13th five-year development goal of offshore wind power, we expect China's cumulative installed capacity of offshore wind power will reach 15.78GW by 2020. The domestic offshore generating sets are faced with obvious shortcomings such as lack of effective verification and lack of standards. The technology gap with overseas companies is apparent. The main capacity of China's offshore wind power turbines is 3MW-4MW, and most of the 5MW-6MW wind power turbines are still in the stage of small batch test. The independent R&D has made some breakthroughs, but the core technology still relies on mature overseas companies. In Europe, 6 MW offshore wind power turbines have been industrialized, 8.5 MW and 9.5 MW offshore wind power turbines have entered the trial operation stage, and 12MW offshore wind power turbines have also begun to be designed. Currently China cannot realize localization of large power wind turbines, coupled with the limited technical level, the cost of domestic wind power turbines manufacturing is still relatively high, which is about RMB 5,000-8,000/KW. By the end of 2017, there were 11 domestic offshore wind turbine suppliers with a 150MW+ capacity and a total of 8 manufacturers got new turbine hoisting. The market is highly concentrated.

Key Topics Covered:

1. Executive Summary 2. Snapshot of Policies

2.1 Electricity price standard changes from concession bidding to benchmark price 2.2 From project demonstration to overall accelerated development driven by policy planning 2.3 Grid parity is near, offshore wind will step into market-oriented development 2.4 Policy reference-Quota system drives UK offshore wind power development 3. Landscape of Industry Chain

3.1 Industry landscape of onshore & offshore wind power 3.2 Large-scale central government-owned power enterprises dominate the development of offshore wind power 3.3 Core components and raw materials 3.4 Concentrated wind turbine market 3.5 Profitable wind power tower and pile foundation 3.6 Submarine cable-attractive in high seas projects in the future 3.7 Offshore wind farm vessel and O&M market 4 Cost down driven by technology changes 5 Major Offshore Wind Turbine Players in China

5.1 Xinjiang Golden Wind Science & Technology Co., Ltd. 5.1.1 Profile 5.1.2 Wind power turbine business 5.1.3 Wind power farm business 5.1.3 Wind power farm O&M business 5.2 CSIC Haizhuang Windpower Co., Ltd. 5.2.1 Profile 5.2.2 Main products 5.2.3 Wind power turbine business 5.2.3 Clients & suppliers 5.3 Ming Yang Smart Energy Group Limited 5.3.1 Profile 5.3.2 Main Products 5.3.3 Wind power turbine business 5.3.4 Clients & suppliers 5.4 Zhejiang Windey Co., Ltd. 5.4.1 Profile 5.4.2 Main products 5.4.3 Wind power turbine business 5.4.4 Clients & suppliers 6 Major Offshore Wind Tower Players in China

6.1 Shanghai Taisheng Wind Power Equipment Co., Ltd. 6.1.1 Profile 6.1.2 Operation 6.1.3 Offshore Wind Tower Business 6.2 Titan Wind Energy (Suzhou) Co., Ltd 6.2.1 Profile 6.2.2 Operation 6.2.3 Offshore Wind Tower Business 7 Major Offshore Wind Submarine Cable Players in China

7.1 Ningbo Orient Wires & Cables Co., Ltd. 7.1.1 Profile 7.1.2 Operation 7.1.3 Submarine Cable Business 7.2 Jiangsu Zhongtian Technology Co., Ltd. 7.2.1 Profile 7.2.2 Operation 7.2.3 Submarine Cable Business

8 Industry Development Trends

8.1 Large-scale and high power 8.2 Scale expansion of offshore wind power projects, stepping into deep seas

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