On October 15, David Fjas, vice president of Moog's industrial group, shared his insights during an exclusive interview, expressing strong confidence in the future of China's wind power market. He highlighted that over the next five to ten years, the Chinese market is expected to continue growing steadily. However, he emphasized that this growth will not be characterized by rapid expansion as seen in previous years. Instead, the market is likely to enter a phase of stable and sustainable development.
From a broader perspective, the onshore wind energy sector is projected to grow by around 3% in the coming years, while offshore wind power is seen as having greater potential, with the possibility of achieving double-digit growth. This shift reflects the evolving dynamics of the industry, where offshore projects are gaining more attention due to their higher capacity and long-term viability.
It's important to note that after a period of rapid expansion, China has become the world leader in installed wind power capacity. However, the industry faced challenges due to overcapacity, which led to financial difficulties for some companies, including Huarui Wind Power. These issues have also impacted Moog's operations in China, highlighting the need for a more balanced and sustainable approach.
David Fjas explained that his view on the Chinese wind power market aligns with global perspectives. He pointed out that the country is currently going through a relatively slow phase, especially for wind turbine manufacturers. Technologically, the main challenge remains grid connection, which is critical for the stability of the power system.
Grid stability depends on maintaining balance between supply and demand. However, wind power's inherent variability introduces significant fluctuations into the grid, especially as wind farm capacities increase. This growing impact requires more advanced solutions to ensure reliable energy delivery.
Fjas mentioned that the Chinese government has already started implementing measures to address these grid-related challenges. He noted that 2012 was a particularly difficult year, mainly due to grid connection issues. As these problems are gradually resolved, the focus is shifting toward the development of new projects and more advanced wind turbines.
Among the key areas of growth, offshore wind power stands out. Although countries like Denmark and the Nordic nations currently lead in this sector, Fjas believes China is well-positioned to catch up in the coming years. He pointed out that the prototypes developed in recent years are now entering mass production, and with further cost reductions, scale effects will drive efficiency and competitiveness.
Moreover, China's offshore wind resources are located closer to major power consumption centers, unlike most onshore projects in the northwestern regions. This geographical advantage makes offshore wind power a promising avenue for future growth, offering a strategic opportunity for China to expand its renewable energy portfolio.
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