Dirty Energy & Fuel wind farm

Published on September 11th, 2012 | by Joshua S Hill

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China Continues to Dominate Global Renewable Energy Market

September 11th, 2012 by

 
Ernst & Young released late August their quarterly global Renewable Energy Country Attractiveness Indices report which showed that China is set to continue it domination of the global renewable energy market, as US elections and political support in Europe prevent other countries from keeping up.

The Ernst & Young report “provide  scores in 40 countries for national renewable energy markets, renewable energy infrastructures and their suitability for individual technologies.”

The second quarter of 2012 saw China remain at the top of the All Renewable Index (ARI), with the U.S. dropping 1.5 points to share second place with Germany. The rest of the top five were filled out by a disappointing result from India and the UK.

wind farm china

Mulan Wind Farm, located approximately 170km north east of Harbin City in Heilongiang, China’s northenmost province.

China

Ernst & Young predict tough times ahead for China, however, with an oversupply of wind turbines and solar panels, as well as the need to resolve grid transmission issues across the country.

The US

The second quarter saw the US drop their 1.5 points due to the current swirling political climate. With the US Presidential race in full swing, there is uncertainty over the country’s long-term renewable energy strategy, as well as concern over the extension of the Production Tax Credit for wind projects.
 

 

Germany

Germany, on the other hand, increased a point thanks to the government’s proactive approach to removing barriers to offshore wind development.

“While the US and Germany markets are level within the ARI, the contrast between these two markets is evident,” said Gil Forer, Ernst & Young’s Global Cleantech Leader. “The upcoming elections have led to an understandable slowdown in the decision making process in the US, while Germany is pushing ahead with its ambitious renewable energy agenda — including the introduction of a new solar PV tariff and compensation for offshore grid connection delays.

“Having made positive progress, the challenge now facing Germany is making sure that the necessary infrastructure is in place to ensure the renewable power generated in the north of the country can be shipped to customers in the south. It is important for any country not only to focus on policies that support supply, but also on those that will encourage and simulate demand.”

India

India, who came in at number 4 dropping a point on the way, recently suffered massive blackouts across the country which subsequently led to speculation that the country has not acquired enough private investment to modernize their power infrastructure, and that the country’s renewable energy investment may suffer amid winder power system reforms.

The UK

Rather than gaining any points themselves, the UK rose to fifth position due to a fall in Italy’s ranking, the result of that country’s worsening economic conditions. Despite announcing several policy and subsidy policies during the second quarter of 2012, the general national consensus appears to be that these reforms have fallen short of what was necessary.

Source: Ernst & Young
Image Source: Land Rover Our Planet on Flickr

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About the Author

I'm a Christian, a nerd, a geek, a liberal left-winger, and believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I work as Associate Editor for the Important Media Network and write for CleanTechnica and Planetsave. I also write for Fantasy Book Review (.co.uk), Amazing Stories, the Stabley Times and Medium.   I love words with a passion, both creating them and reading them.



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