China just put the world’s most powerful floating wind turbine in the water. (Bloomberg)
The OceanX turbine now leads global floating wind tech, as China races to install nearly 75% of the world’s new offshore turbines this year.
Europe, Japan, and the US are struggling with higher costs, stalled approvals, and political pushback. In contrast, Chinese developers benefit from integrated supply chains, state support, and economies of scale that have driven offshore wind costs to less than half those in the UK (the second-biggest market).
