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China’s offshore wind power surges ahead with cost edge over Europe and US

by August 29, 2025
by August 29, 2025

China’s rapid rise in offshore wind is reshaping the global energy landscape.

Anchored off the coast of southern China, the OceanX turbine, with its double-headed design, is capable of harnessing more power than any other floating wind turbine currently in operation.

This breakthrough highlights how Chinese companies are scaling faster than their European, US, and Japanese rivals, many of whom are struggling with rising costs, policy setbacks, and weakening government support.

China is now on track to install nearly three-quarters of all new offshore turbines worldwide this year, further consolidating its dominance in clean energy.

China takes the lead with OceanX turbine

The OceanX turbine, tethered to the seabed by three bright-yellow mooring points and supported by a network of steel cables, is the centrepiece of China’s offshore wind ambitions.

Built by Ming Yang Smart Energy Group, the turbine represents the shift towards larger and more powerful designs.

Offshore installations have become a priority for China’s energy security strategy, as they tap into stronger and more reliable sea winds.

According to Bloomberg, China will account for the majority of new offshore wind installations, surpassing the combined capacity of all other countries.

The nation’s strategy includes support through financing, supply chain integration, and advanced technology improvements, creating a competitive advantage over Europe and the US.

Struggles for Western wind developers

The situation contrasts sharply with markets elsewhere.

In the US, President Donald Trump halted approvals for new offshore wind projects on his first day in office, even blocking a nearly completed project led by Danish company Orsted A/S.

The move rattled investor confidence and contributed to a drop in Orsted’s share price.

European companies, once leaders in the sector, are now facing dwindling government support, rising interest rates, and costly supply chain pressures.

A recent offshore wind auction in Germany ended without a single bid, while Mitsubishi Corp. withdrew from three projects in Japan due to escalating costs since winning the tenders in 2021.

Cost advantage reshapes competition

China’s ability to scale rapidly has also driven down costs. The median cost of offshore wind in China is now less than half that of the UK, which is the world’s second-largest market.

Companies like Goldwind Science & Technology Co. and Ming Yang Smart Energy are benefiting from economies of scale, while Western competitors such as Vestas Wind Systems A/S, Siemens Gamesa Renewable Energy SA, and General Electric Co. struggle to match the pace.

At Ming Yang’s facility in Yangjiang, west of Hong Kong, workers assemble turbine blades over 100 metres long.

About 15% of the plant’s production is already destined for overseas markets, with exports expected to double by year-end.

Guangdong province alone plans to build 17 gigawatts of offshore wind capacity by 2025, more than any single country apart from China has installed to date.

Global challenges and limited adoption abroad

Despite their scale and low costs, Chinese-made turbines face hurdles in foreign markets.

Their size often exceeds the capacities of Western ports and construction sites, and concerns over national security and fair competition have limited adoption.

While southern Italy’s Taranto project uses Chinese turbines, attempts to expand into Germany were abandoned after government scrutiny and warnings from the European wind industry.

Ming Yang has indicated plans to expand locally in Europe, including establishing teams for long-term service and maintenance.

Convincing governments and developers of the reliability and sustainability of Chinese products over a 25–30 year lifecycle remains a challenge.

For now, most Chinese production continues to serve domestic demand, securing clean power for coastal cities while positioning the nation as the largest force in global offshore wind.

The post China’s offshore wind power surges ahead with cost edge over Europe and US appeared first on Invezz

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