Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Euro hovers at two-week trough on tariff exemptions

July 9, 2025

Most UK companies would withstand sharply higher tariffs, Bank of England says

July 9, 2025

Trump tariffs on cars, copper, aluminum could hit hard

July 9, 2025
Facebook X (Twitter) Instagram
Wednesday, July 9
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » China spins up offshore wind energy as Beijing promotes marine economy
Business

China spins up offshore wind energy as Beijing promotes marine economy

adminBy adminJuly 8, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 11


China has ramped up offshore wind energy development, as the form of renewable energy aligns with Beijing’s goals of carbon neutrality, energy security and developing the marine economy to boost economic growth.

China added more than 4.4 gigawatts (GW) of offshore wind capacity in the first six months of the year, the same amount it added in all of 2024, according to a report by the non-profit Global Energy Monitor (GEM) on Wednesday.

The report said the country was expected to add at least 9GW of offshore wind capacity this year – more than half of projected global additions. China has another 22GW of offshore wind projects under construction that could commence operation beyond 2025, it added.

“China is developing a robust offshore wind technology industry, as its development boundaries are pushed farther into deep-sea areas,” said Zhang Mengqi, a GEM researcher and co-author of the report. She cited strong central government support that combined direct financial subsidies with a mix of top-level planning and market-based approaches.

The report came shortly after the country’s farthest offshore wind power project, located off Yancheng in the eastern province of Jiangsu, started operation last week, according to its developer, state-owned China Three Gorges Corporation. With turbines as far as 85.5km offshore, the project was expected to generate more than 2.6 terawatt-hours of electricity annually, enough to power around 1.1 million three-person households for a year, a spokesperson said.

President Xi Jinping mentioned offshore wind energy during a high-level economic meeting last week as a key sector to advance the “high-quality development” of China’s marine economy. Offshore wind power was also featured in Beijing’s annual government work report in March, which said the sector would help with job creation, energy security and coastal provinces’ economic development.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Business

Elon Musk’s SpaceX plans share sale that would lift value to around US$400 billion

July 9, 2025
Business

Hong Kong developer New World eyes sale of China assets after refinancing deal

July 9, 2025
Business

China’s lead in global shipbuilding may already be fading, new data suggests

July 9, 2025
Business

5 stocks start trading in Hong Kong with gains, marking HKEX’s busiest day yet in 2025

July 9, 2025
Business

Shanghai’s luxury home sales boom as wealthy buyers flock to ‘safe haven’ assets

July 9, 2025
Business

Alibaba expert envisions AI agents transforming daily life in 5 years

July 8, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Qantas confirms personal data of over a million customers leaked in breach – Markets

July 9, 2025

Indian stock benchmarks set to open flat as Trump threatens pharma tariffs – Markets

July 9, 2025

New industrial policy: Expert emphasizes cost and ease of business – Business & Finance

July 9, 2025

FBR fails to defend case before FTO – Business & Finance

July 9, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Euro hovers at two-week trough on tariff exemptions
  • Most UK companies would withstand sharply higher tariffs, Bank of England says
  • Trump tariffs on cars, copper, aluminum could hit hard
  • Opinion | China pushes digital yuan diplomacy amid Global South’s dollar dismay
  • Singapore politicians lead sold-out durian tours to Malaysia as peak season hits

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Euro hovers at two-week trough on tariff exemptions

July 9, 2025

Most UK companies would withstand sharply higher tariffs, Bank of England says

July 9, 2025

Trump tariffs on cars, copper, aluminum could hit hard

July 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.