Turbines may spin without subsidy

It should be feasible to scrap the subsidy support for China's wind power development by 2022 given the expected decline in generation costs from lower turbine costs and higher production yields, analysts said.

Considering that turbine costs should decline further and new generation turbines should produce more kilowatt-hour for the same capacity, it is highly likely that the wind power sector will continue its healthy development without governmental subsidy support, said Joseph Jacobelli, a senior analyst of Asia utilities at Bloomberg Intelligence.

The suspension of subsidy has been discussed for many years, and 2022 might be the time when that would really happen, he said.