Wind Energy to Witness Robust Growth in China Despite Construction Boom In Nuclear Power Plants
China’s wind energy market has grown rapidly during the last five years and is expected to reach 158 GW by 2016 with a CAGR of 20% over the next five years. Various factors are expected to drive the wind energy market in China. Government backing and generation-based incentives for renewable energy sources, rising electricity demand, and Clean Development Mechanism support from the UN all are expected to boost China’s wind market.
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