The current situation, competition situation and trend of segmented markets in China's wind power industry, and the prevalence of offshore wind power

The cost reduction of global wind power has been significant, with the lowest cost of land wind energy. In 2021, the average LCOE of European sea wind reached 0.455 yuan/KW, and the average LCOE of land wind reached 0.294 yuan/KW. The LCOE of Chinese sea breeze is lower than that of Japan and South Korea. In 2021, the average LCOE of Chinese land breeze reached 0.196 yuan/KW, which has already benchmark against the international leading level. With the updating and iteration of technology, it is expected that the cost of land wind will be lower in the future. It is expected that the average LCOE of land wind in China will reach 0.194 yuan/kW in 2022. In 2021, land wind has become the lowest weighted average LCOE energy source in the world, at 0.231 yuan/kW. The overall cost of land breeze is lower than that of fossil energy, and the global land breeze has entered an era of parity. The low cost advantage of land-based wind power generation has led to an overall upward trend in the newly installed capacity of land-based wind power generation in China.