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China's booming offshore wind industry unlocks huge business opportunities

China

China

China

China's booming offshore wind industry unlocks huge business opportunities

2026-04-02 16:16 Last Updated At:16:57

China is making waves in the offshore wind energy industry as the country's 15th Five-Year Plan (2026-2030) seeks to build more offshore wind power bases, unlocking massive demand for wind turbines, marine equipment, and high-end submarine cables in the next five years.

Yangjiang, a coastal city in western Guangdong Province, hosts China's largest offshore wind power equipment manufacturing base and a vast network of offshore wind farms. About 70 kilometers from shore and at depths of over 50 meters, eight wind turbine installation vessels were operating simultaneously to hoist giant blades of over 120 meters long for the world's largest offshore wind farm by transmission capacity.

"Our wind resources in deep-sea areas are three to four times more than inshore. We expect this sea area to generate over 50 billion kilowatt-hours of clean energy annually by 2030," said Ni Changjian, an engineer of the Yangjiang offshore wind power project under China Three Gorges Corporation.

The 15th Five-Year Plan stresses advancing deep-sea offshore wind development in a regulated and orderly manner. Over the next five years, China's total installed capacity of grid-connected offshore wind power is set to exceed 100 gigawatts, doubling the amount achieved by the end of the 14th Five-Year Plan period (2021-2025).

This will drive a demand of an estimated 170 billion yuan (about 25 billion U.S. dollars) for high-power wind turbines, and of around 220 billion yuan (about 32 billion U.S. dollars) for new marine engineering equipment, as well as the demand for over 5,000-kilometer high-end submarine cables in five years.

"The growing development and application of ultra-high-voltage submarine cables for deep-sea projects will accelerate breakthroughs in developing over a dozen new materials, such as those used for insulation and water-blocking, and also drive rapid growth in marine engineering services like cable laying and maintenance," said Xin Wenye, an engineer of the quality and technology department under Oriental Cable, a leading Chinese land and subsea cable solutions provider.

New opportunities extend beyond this, as the sector's transformation can be witnessed even by a gantry crane at an offshore wind power equipment manufacturing base.

Here a new giant gantry crane has been raised to over 130 meters in height, equivalent to a 40-story building, and its lifting capacity has increased to about 2,600 metric tons, specifically designed to handle the increasingly large wind turbine foundations.

Engineers say the growing size of gantry cranes reflects the industry's shift toward turbines with capacities of 20 megawatts or more.

"In the past, we built and transported wind turbines horizontally. Now, for these large-tonnage, large-dimension offshore wind turbines, we adopt vertical construction and transport. This eliminates a flipping step and improves efficiency. It's like building blocks. Right after its assembly, it is towed to the sea for installation," said Zhu Bin, an engineer of the Yangjiang offshore wind power project under China Three Gorges Corporation.

China's booming offshore wind industry unlocks huge business opportunities

China's booming offshore wind industry unlocks huge business opportunities

A major forum on digital economy cooperation and innovation, part of the 2026 Global Digital Economy Conference, was held on Tuesday at the Palais des Nations in Geneva, seeking to build consensus on development pathways and international standards.

More than 150 representatives from government, business, academia and international organizations attended the event for in-depth discussions on frontier trends, international cooperation, and pathways for shared development in the digital economy.

"As a hub of global diplomacy and innovation, Geneva provides the backdrop for us to build consensus, launch digital cooperation, and jointly promote the development of the global digital economy, at a time marked by the establishment of the World Data Organization and with the 2026 Global Digital Economy Conference pending," said You Jing, director of the foreign exchange and cooperation division of the Beijing Economic and Information Bureau.

The Global Digital Economy Cities Alliance, known as DEC40, organized the event. With 40 cities as its core members, the DEC40 actively engages with international organizations, multinational corporations, research institutions, and other stakeholders.

During the forum, DEC40 announced the launch of its Geneva office and the addition of 11 Chinese and Swiss companies to its membership, among several other new developments.

"We hope to engage in the development of international standards through deeper exchanges in the future, contributing our share. At the same time, by understanding and communicating about these international standards, we can better apply them to our business, thereby supporting our international expansion," said He Chunming, vice president of Hollysys Technology Group Co., Ltd.

The initiation of a number of flagship programs were also announced by DEC40 in collaboration with international organizations such as the International Telecommunication Union, the International Trade Centre, and the United Nations Institute for Training and Research.

These programs include the joint release of global digital economy lighthouse cases and an international innovation competition focused on AI-generated content.

The forum also featured multiple discussion sessions on emerging trends and international cooperation frameworks in the digital economy.

Jointly initiated by Beijing and over 40 other cities worldwide in July 2025, DEC40 is dedicated to narrowing the global digital divide through technical innovation, transfer, co-creation and sharing, and contributing to the achievement of the UN 2030 Sustainable Development Goals.

The 2026 Global Digital Economy Conference is scheduled to take place in Beijing in early July, with a focus on building digitally friendly cities, alongside the latest outcomes in digital technology application and industrial development.

Experts build consensus on digital economy cooperation and innovation in Geneva

Experts build consensus on digital economy cooperation and innovation in Geneva

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