China Dominates Offshore Wind as Global Tensions Rise

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...

By Bloomberg Markets · Bloomberg Markets

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)