Goldwind Views

Wang Haibo: Technological Innovation is the Cornerstone of Wind Power Industry

On October 18 - 19, 2018, the International Forum on Energy Transitions (IFET) was held in Suzhou, China. Under the theme of “Energy – for a Better Life” and “Promoting High-quality Development of Global Green Energy”, Goldwind exchanged ideas with industry counterparts, deepening the mutually-beneficial international energy cooperation and accelerating the energy transformation worldwide.

During a panel session, Goldwind’s President Wang Haibo shared the experience of the company and industry in product and technological innovation over the past year. He pointed out that renewable energy enterprises should pay more attention to technological development, drive the sustainable growth of the industry through technology, and reduce the LCOE with advanced techniques and invisible hand of market. In fact, the huge change of wind power industry is credited to the technological and product innovation.

“Take Goldwind as an example, over 90% of our wind turbines sold each year are customized. At the China Wind Power 2018, we released new offshore & onshore smart turbines as well as LCOE-competitive products and solutions. We notice that the rotor diameters of many Chinese manufacturers’ turbines are much larger than those of European companies’. This is because the climate conditions and wind resources in China are very different from other countries. Therefore, Goldwind and other wind power companies have been committed to developing new technologies. Now we are seeing the continuous decrease of LOCE of wind power projects, especially those overseas, increase of equipment availability, such as in Inner Mongolia, and decline of capex.”

The turbine tower already reaches 160 m in China, implying that the production, operation and management of wind power would change enormously. In the future, the service life of turbines may exceed the current 20 years.

As regards the cooperation with suppliers and clients, there is also much room for innovation. First is to improve the delivery efficiency and lower the cost. Second, it can draw on the experience of other industries, support cross-industry integration for power sector and introduce more social capital to wind power.  

When commenting on the China Cities Energy Report, Wang Haibo believed that the wind curtailment in China had been largely mitigated with the ongoing support from the government and grid companies. The nine-day Clean Energy Power Supply Project in Qinghai, Northwest China shows that renewables have become the key source of energy, instead of playing a minor role in the past. The future development of wind and renewable energy requires a sound top-level design and feasible policies as well as more advocacies of clean energy.