Global Wind Energy Policy and Market Risk Assessment Country Rankings, Policy Profiles, and Policy and Market Risk Assessment

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Until recently, wind-related policy mechanisms were often transparent and fixed upfront for the developer (such as a feed-in tariff, or FIT) in order to encourage investment despite the higher cost of wind compared to traditional power generation sources. As the cost of wind energy has plunged due to technology improvements and efficiencies of scale, many countries have begun exploring or implementing market-oriented policy options that decrease costs for supporting governments, utilities, ratepayers, and other purchasers of renewable energy electricity. In particular, competitive power contract auctions have been sweeping the globe, driving down the cost of wind power to governments and ratepayers while still enabling the profitable construction and financing of wind plants.
Since the previous version of this report was published in 4Q 2015, nine countries have seen positive, substantial progress implementing power contract auctions, two countries are likely to enact new power contract auction schemes, and three countries have stumbled in their implementation of these auction programs—leading to a higher risk environment. Country-specific policy profiles of 28 countries provide comprehensive and up-to-date policy details and analysis.
This Navigant Research report examines the strengths and weaknesses of the policies to promote the development of wind power capacity in 28 countries. Navigant Research summarizes the key details of each country’s policies for wind energy and assesses how the wind plant development and investment community is reacting to those policies to evaluate which markets are most likely poised to attract wind plant development and investment and experience further wind power capacity expansion. The criteria by which countries are compared include Policy Stability, Past Performance, Sector Potential, and Economic Forecast. Countries are grouped into the four categories of Booming, Outperformers, Growing and Stable, and Stalled or High Risk.