China to add 19GW of wind capacity in 2013, says MAKE

China, the world’s leading wind market, will install 19GW of new capacity next year, an increase of 19% on 2012, according to analysts at MAKE Consulting.

The forecast represents a sharp turnaround from this year’s trend, with 2012 installations expected to be 9% lower than last year at 16GW.

It is also contrary to current predictions by several China-based turbine makers who are reporting weak orders this year.

However, MAKE’s China analyst Celia Sun says there is a large pipeline of projects already approved and awaiting construction and a further batch expected to get approval in the coming few months, creating significant demand.

Developers will benefit from an easing of the monetary policy and other macro-economic factors encouraging them to…

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