Wind power is mainly in Asia, Europe, and the Americas. Unlike developed nations with major wind energy profits, China is actively building wind turbines for sustainable growth.
The wind energy resources in China are concentrated in three regions: firstly, the Southeast coastal area. This region is influenced by monsoons and land-sea breezes, where the force of the wind over the sea is particularly strong. Combined with the topographical features that offer minimal resistance, this area boasts abundant wind resources. Secondly, the Northeast and Northwest regions are affected by the "Asian high-pressure system," making them the origin of China's winter winds, and therefore, they possess powerful wind forces.
Global Wind Energy Council data shows a dip to 36.2GW in 2022 for new overseas onshore wind installations, with a forecast of 49GW by 2025, up 10.5% YoY. Meanwhile, China's new wind power capacity hit 41.39 million kw by November 2023, up 83.79% YoY, reflecting its strong commitment to expanding clean energy.
So, how does wind power stimulate the consumption of zinc?
Zinc, key for corrosion resistance, is growing with the wind sector. Wind turbine nacelles need zinc for protection, with offshore units requiring thicker galvanization against seawater. Zinc consumption driven by new wind installations is set to surpass 160,000 mt in 2023, likely exceeding 4% of market apparent demand.
Overall, wind tower projects are set to rise. China and abroad are boosting investment in wind towers, with offshore types, efficient and land-saving, poised to be the industry's growth highlight. The global offshore wind tower market may soon enter a new expansion phase.
