1AcceleratingthedevelopementoffloatingoffshorewindinChinaAcceleratingthedevelopmentoffloatingoffshorewindinChinaHowastrategicpartnershipwiththeUnitedKingdomcouldovercomekeytechnology&supplychainbottlenecksAzureInternationalEngagingChina’scleanenergymarkets•LeadingChinaenergyadvisorsince2003•Onthegroundteamofengineersandanalyststosupportyourprojects•ExcellentnetworkwithintheChineserenewableenergyspace•Uniquesetofreferencesandsatisfiedclients•Duediligenceonmorethan15onshoreandoffshorewindandsolarprojectsexceeding5GW•In-houseprojectandtenderingdatabasesattheregionallevel•In-housetoolsandmodelstoforecastwindandsolarcurtailmentandongridprices•AdvisingcompaniesonChinaCorporateNet-ZerostrategiesAzure’soffshoreWindServices•MarketResearchandStrategyWeuseourdatabasesandexpertisetoprovidestrategicadvicecoveringregulatoryanalysis,marketentryroadmaps,partnerselection,marketforecasts,regionalanalysis,etc.•SupplyChainServicesBootsonthegroundtohelpyoutapintheChinesesupplychain,supportedbyoursuppliernetwork,tenderingdatabase,andteamofengineers.•OffshoreWindDueDiligenceWehaveuniqueexperienceinprovidingfulloffshorewindfarmduediligenceservicestoforeigninvestorsintheChinesemarket.•AdvancedEngineeringWepartnerwithleadingEuropeanengineeringandtechnologyfirmstodeliveradvancedengineeringanddetaileddesignservicestoChineseoffshorewindplayers.3ReportpreparedbyTableofContentsForeword6Keymessages8Keyfindings10Methodology12China’sfloatingoffshorewindtechnicalpotential13-600GWtechnicalpotential14-Shortandmedium-termopportunities16China’sfloatingoffshorewindpolicyandsupplychain17-Deep-far-seaprojects18-Floatingwinddemostration20-Uniquechallengesforfloatingwind22-Chinesesupplychainoverview24-Supplychaincasestudy:ChinaThreeGorgesShapaProject25OpportunitiesforSino-U.K.floatingoffshorewindcooperation26-Supplychaingapanalysis27-KeyareasfortheU.K.toaddvaluetoChina28-Widerindustrybenefits29-ValuefortheU.K.supplychain31-Pathwayforstrategicagreement32Annexes-Acronymsandabbreviations33-ListofU.K.floatingoffshorewindsuppliers34-Listofreferences405Foreword:whatdidtheexpertsthink?JohnEdwardsHerMajesty’sTradeCommissionerforChinaForeword6TheU.K.andChinahaveanestablishedrela-tionshiponoffshorewind,reachingtheeighthannualsessionofthebilateralOffshoreWindIndustryAdvisoryGroupin2022.Overthesepasteightyears,offshorewindhasdevelopedfromanichesectortoaboomingindustry,keyforthedecarbonisationofpowergridsacrosstheworld,andcentraltointernationaleffortstolimitglobalwarmingtobelow1.5degrees.Todate,massdevelopmentofoffshorewindhasfocusedonnear-to-shoreareas,withindustrynowlookingtowardstheopportunitiesinfaranddeeperwaters.Floatingoffshorewind–ratherthanturbineswithfoundationsfixedtotheseabed–willbecomethefutureoftheindustry,ascitieslookformoreabundantandcheaperrenewableenergy.Floatingwindtreblesthesizeoftheaddressableoffshorewindmarket.At26.4GW,Chinahastheworld’slargestinstalledcapacityoffixed-bottomoffshorewind,support-edbyastrongarmadaoftier1manufacturers.Thisreportnowidentifiesthetechnicalpotentialtodevelop600GWoffloatingoffshorewindinChina,giventheextendedcoastlineanddeepwaters.ThisprovidesastrongbasisforChinatodevelopaworld-leadingfloatingoffshorewindindustry,buildingoncurrentdemonstrationprojects.At10.4GW,theU.K.hasthesecondlargestinstalledcapacityoffixed-bottomoffshorewindintheworld,afterChina.TheUKalso...
