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Wind energy is a clean and sustainable energy,and wind power does not rely on fossil fuels.So there is no fuel price risk,and it,of course,does not include the environmental costs,such as carbon emissions.Because of these unique advantages,wind power has gradually become an important part of the strategy of sustainable development in China.Now with the growing voices on global greenhouse gas emission reduction,and as a clean and efficient energy, wind power has huge potential in combating climate change,energy security pressures and the needs for energy.Wind power in China began to develop from the 1980s.In the first 20 years,the speed of development was slow;but since 2004,it has had an extremely rapid growth.This paper,in order to study the development mechanism of China’s wind power industry,investigated and analyzed the status quo of wind power industry in China,and then found that(1) the development trend of wind power industry in China appears exponential growth;(2)China’s installed capacity of wind power is still smaller than that os some other countries;(3)new subsidy policies bring developing opportunities to wind power industry in China;(4)the sectors of wind power industry are in unbalanced growing;(5)the owners of proposed wind farms are too optimistic though the built wind farm had many problems.In addition,by using the methodology of Game Theory,this paper has also constructed the matrix of pre-assessing risks of China’s wind power industry to further discuss the potential risk factors within China’s wind power industry as risk factors of wind farm construction,risk factors of production of wind turbines,risk factors of parts and components manufacturing industry under risk indicators like R&D,patents,the domestic policy,the international policy,the quality of products and the market regulation,in order to provide a scientific assessment and self-assessment tool for investors or implementers, and also to promote the further development of the wind power industry.
Wind energy is a clean and sustainable energy, and wind power does not rely on fossil fuels. So there is no fuel price risk, and it, of course, does not include the environmental costs, such as carbon emissions.Because of these unique advantages , wind power has gradually become an important part of the strategy of sustainable development in China. Now with the growing voices on global greenhouse gas emission reduction, and as a clean and efficient energy, wind power has huge potential in combating climate change, energy security pressures and the needs for energy. Wind power in China began to develop from the 1980s.In the first 20 years, the speed of development was slow; but since 2004, it has had an extremely rapid growth.This paper, in order to study the development mechanism of China’s wind power industry, investigated and analyzed the status quo of wind power industry in China, and then found that (1) the development trend of wind power industry in China appears exponential growth; (2) China’s instal led capacity of wind power is still smaller than that os os some other countries; (3) new subsidy policies bring developing opportunities to wind power industry in China; (4) the sectors of wind power industry are in unbalanced growing; of proposed wind farms are too optimistic though the built wind farm had many problems.In addition, by using the methodology of Game Theory, this paper has also constructed the matrix of pre-assessing risks of China’s wind power industry to further discuss the potential risk factors within China’s wind power industry as risk factors of wind farm construction, risk factors of production of wind turbines, risk factors of parts and components manufacturing industry under risk indicators like R & D, patents, the domestic policy, the international policy, the quality of products and the market regulation, in order to provide a scientific assessment and self-assessment tool for investors or implementers, and also to promote the further development of the wind power industry.