Developers, manufacturers, investors and other renewable energy industry stakeholders need to know where the next big market is going to be so that they can adjust their business decisions accordingly.
Since 2003, global consultancy Ernst & Young has released its Country Attractiveness Indices, which gives a numerical ranking to 30 global renewable energy markets by scoring renewable energy investment strategies and resource availability. The indices are updated on a quarterly basis and the most recent report can be found here.
Here is the firm’s assessment of China.
Solar Sector Changes Direction
Despite battling excess supply and the knock-on impact of the global economic downturn on international markets, Q3 saw significant activity across China’s solar sector. However, this is not the supply chain-driven growth of the last five years, but a new dawn for the world’s largest solar manufacturing economy. That the country is seeking to expand its domestic solar demand to deal with oversupply and falling prices has become well-known, but Q3 has shown that the Government is willing to practise what it preaches in terms of implementing policy.
Q3 saw the National Energy Administration rubberstamp the country’s new and ambitious solar capacity targets of 21 GW by 2015 and 50 GW by 2050, although some market commentators are speculating this could rise further to 30 GW and 100 GW respectively based on the current rate of growth alone.
Click here to read the story.
