Wednesday, June 6, 2012

The price of wind power in China during its expansion: Technology adoption, learning-by-doing, economies of scale, and manufacturing localization


► We model wind power price reductions in China between 2003-2007.
► Cumulative installed capacity and technology adoption were significant factors.
► China’s joint learning rates from LBD and LBS were 4.1%-4.3%.
► Inter-firm knowledge spillovers have had significant impacts on price.
► Wind farm economies of scale and turbine localization rate were also strong factors.

by Yueming Qiua, b E-mail the corresponding author and Laura D. Anadonb, E-mail the corresponding author 
a Stanford University, Atmosphere/Energy Program, The Jerry Yang and Akiko Yamazaki, Environment & Energy Building, 473 Via Ortega, Stanford, CA 94305, USA 
b Harvard University, John F. Kennedy School of Government, Belfer Center for Science and International Affairs, 79 John F. Kennedy Street, Cambridge, MA 02138, USA
Keywords: Wind power; Learning curve; China; Technology adoption; Learning-by-doing; Learning-by-searching

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