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A study of non-grid-connected wind power industry development path choice based on new institutional economics

Non-grid-connected wind power is a brand new field of wind power development, which is closely related to national policy. In its future growth, national policy, or institutional factors will directly influence its direction of development. Employing new institutional economics' basic theories, this paper analyzes non-grid-connected wind power's evolution and development path choice from the view of institutional innovation and institutional change. Then a development mode of non-grid-connected wind power is put forth to accomplish the institutional change according to the characteristics of institutional changes. Under this mode, government should play an active role in economic efficiency and institutional construction to promote sustainable development of wind power.