European offshore wind turbine companies including MHI Vestas Offshore Wind and Dong Energy are seeking to enter China's rapidly growing offshore market. The Chinese government has been pushing for a more diversified energy supply in the country, which is already home to some of the world's biggest coal power plants. Meanwhile, MHI Vestas Offshore Wind is opening an office in Japan and may have similar plans. With the help of the growth of the sector in China, global offshore wind energy production is forecast to nearly double between now and 2020 to 34 GW.
European offshore wind turbine companies including MHI Vestas Offshore Wind and Dong Energy are seeking to enter China's rapidly growing offshore market. Dong Energy and Macquarie Group own stakes in projects in Taiwan, which they may use as a base to set up operations off mainland China. Meanwhile, MHI Vestas Offshore Wind is opening an office in Japan and may have similar plans. With the help of the growth of the sector in China, global offshore wind energy production is forecast to nearly double between now and 2020 to 34 GW.