Mingyang Senior Vice President Chao Zhang has urged global markets, including Europe, to adopt “more open, dynamic industrial structures” if countries are to meet their increasingly ambitious clean energy targets.
Speaking at the World Economic Forum’s annual meeting in Davos, Switzerland, Zhang said offshore wind had reached “a turning point”, with deployment accelerating unevenly across different regions.
She warned that the main constraint on scaling up offshore wind is no longer technology or access to capital, but rather “delivery capacity, scale, supply chain resilience and system efficiency”.
According to Mingyang, the company has put forward proposals for large-scale deployment of floating offshore wind, but Zhang said this will require “innovative leadership” to drive structural changes across the value chain.
She argued that broadening participation in the offshore wind supply chain is essential to increasing resilience and reducing costs, enabling the sector to deliver projects at the scale and pace needed to support global decarbonisation goals.
