Chasing the Power of Wind in Asia

China contributed around 500 MWs of wind power capacity in the year 2005, 66% jump to 1,266 MW, as per GWEC- Brussels based council for global wind energy. This compares with 11% growth in Germany, which is the largest wind market in world, where the capacity neared 18,428 MWs. However, China might add around 2,000 MWs of capacity in 2006. Thus, market in China appears to be highly lucrative compared to countries such as Australia, where construction of wind farms is hampered due to several restrictions imposed by the government. Also, oil prices haven't settled below US$ 50 for the past twelve months, and are touching around US$ 60 currently. China plans to produce 5,000 MWs of wind power capacity by the year 2010, while the country has a goal to achieve 30,000 MWs View the rest of this article