China Dominates Offshore Wind as Global Tensions Rise

AI Summary

As tensions grow globally, China continues to lead in offshore wind energy installation, now accounting for nearly 75% of new global offshore turbines. This comes as the U.S. government remains less supportive of wind power initiatives.

While the US administration maintains its opposition to wind power, China is now installing nearly 75% of the world’s new offshore turbines. From the South China Sea, Bloomberg’s Stephen Engle reports on Ming Yang’s new 50-megawatt floating turbine and how 45% lower pricing is securing China’s lead in the global clean-energy race. (Source: Bloomberg)