"The Price of Wind Power in China During its Expansion: Technology Adoption, Learning-by-doing, Economies of Scale, and Manufacturing Localization"
Journal Article, Energy Economics, issue 3, volume 34
By Yueming Qiu and Laura Diaz Anadon, Associate Director, Science, Technology, and Public Policy Program; Director, Energy Technology Innovation Policy research group; Adjunct Lecturer in Public Policy
Using the bidding prices of participants in China's national wind project concession programs from 2003 to 2007, this paper built up a learning curve model to estimate the joint learning from learning-by-doing and learning-by-searching, with a novel knowledge stock metric based on technology adoption in China through both domestic technology development and international technology transfer. The paper describes, for the first time, the evolution of the price of wind power in China, and provides estimates of how technology adoption, experience building wind farm projects, wind turbine manufacturing localization, and wind farm economies of scale have influenced the price of wind power.