Empirical research on development of China´s wind power industry

Recent years China has made rapid progress in wind power industry and is almost top of the world. According to policy analysis and cost analysis, this paper aimed at finding out influence factors of wind power industry development. Using the data from 1985 to 2008, Ordinary least squares (OLS) regression is applied to empirically analyze the above factors, and then find out the significant factors which influence the development of wind power industry and quantificationally measure the influence degree of wind power industry. According to the results of empirical analysis, expatiated on main problems existing in small proportion of wind generator capacity; bad maneuverability of wind power law and policy; low localization rate of equipment; relatively high initial investment of wind power, etc. Finally proposed suggestions for policies of developing wind power industry and pointed out problems that should be paid attention to.