A new report from Navigant Research has ranked China as the only country deemed to be a “booming” wind energy market.
Analysing wind energy development policies across 42 countries, the new Navigant Research report, Global Wind Energy Policy Update, concludes that many countries have shifted their wind energy policies from supporting the developer to supporting involved governments, ratepayers, and other stakeholders. As a result, Navigant believes that some countries with a sizable existing wind power capacity will see further expansion stall, while other countries which are only beginning to build up their wind power capacity will be able to develop into further expansion.
Out of this, Navigant’s primary conclusion is that, while the mix of countries looking to expand their wind energy capacity continues to expand, only China is ranked as “Booming,” while the United States, India, and barely squeaking in, Germany, are considered as “Outperformers.”
Navigant Research Country Rankings Grid: Top Nine Countries
“Perhaps the most important insight from this analysis is a move toward lower but stable growth rates,” said Roberto Rodriguez Labastida, senior research analyst with Navigant Research. “While the mix of countries seeking to grow wind capacity continues to expand, today, only China is ranked by Navigant Research as Booming, while the United States, India, and Germany are categorized as Outperformers, and 21 and 17 countries, respectively, are classified as Growing or Stalled.”
Navigant believes that “the increased depth of the global wind energy market” should provide it with the stability it needs moving forward, especially as it appears the industry will be moving forward with much less support from governmental policy. Subsequently, only those players with the flexibility to adapt to different political environments will be able to survive and thrive.