Welcome to our guide to the commodities markets powering the global economy. Today, China-based energy reporter Dan Murtaugh asks what the rest of the world can learn from the nation’s success in deploying offshore wind turbines.
It was only a few years ago that the offshore wind industry conjured a future with a near-limitless supply of clean energy. Now the sector is fighting to stay alive as rising costs and fading government support slow development almost everywhere.
The one exception is China, where installations this year are expected to reach their highest since 2021, accounting for about three of every four turbines placed at sea in the world.
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