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Winds of change blow overseas
By Maggie Zhang |
November 23, 2011, Wednesday
|
Print Edition
Print Edition
CHINESE makers of wind turbines aim to increase exports because the emerging markets may turn out to be the engine propelling investment in renewable energy, an industry report said.
While developed countries suffer from slowing demand and with many of their companies cutting costs, an insatiable hunger for energy within the emerging markets now appears to be the surprising driving force behind renewable energy investment, said Ernest & Young, quoting its quarterly global renewable energy country attractiveness index.
The index provides scores in 40 countries in terms of their national renewable energy markets, renewable energy infrastructure and their suitability for individual technologies.
The manufacturers are also turning to overseas markets because development of the domestic wind power industry has been troubled with growing pains, while a tighter approval process for new wind energy projects is blowing into a turbine oversupply, the report said.
Under China's Renewable Energy Law in 2005 and which was amended in 2009, wind farms that are connected to the country's power grid must get approval from the government before they are constructed.
While developed countries suffer from slowing demand and with many of their companies cutting costs, an insatiable hunger for energy within the emerging markets now appears to be the surprising driving force behind renewable energy investment, said Ernest & Young, quoting its quarterly global renewable energy country attractiveness index.
The index provides scores in 40 countries in terms of their national renewable energy markets, renewable energy infrastructure and their suitability for individual technologies.
The manufacturers are also turning to overseas markets because development of the domestic wind power industry has been troubled with growing pains, while a tighter approval process for new wind energy projects is blowing into a turbine oversupply, the report said.
Under China's Renewable Energy Law in 2005 and which was amended in 2009, wind farms that are connected to the country's power grid must get approval from the government before they are constructed.
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