NewEnergyNews: The Best Place To Build New Energy Is China – Survey

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    Friday, October 13, 2017

    The Best Place To Build New Energy Is China – Survey

    The Best Place To Build New Energy Is China China retains top spot in renewable energy market attractiveness ratings; New targets to defer or cancel 106GW of coal-fired capacity, substantial improvement in wind curtailment rates, and a potential ban on internal combustion engine sales, make China the most attractive country for investment in renewable energy

    Craig Richard, 10 October 2017 (Windpower Monthly)

    “Solar PV is proving the main beneficiary [of China’s transition away from coal with capacity] increasing by 21GW in six month…China also topped [Ernst and Young’s Renewable energy country attractive index (RECAI)] rankings for onshore wind and its offshore rating was second only to the UK…France, meanwhile, climbed to sixth in the RECAI, while Argentina, Morocco, the Netherlands, Turkey, Egypt and Portugal all saw their stock rise…Turkey’s last tender awarded 1GW to onshore wind at 50% below the ceiling price and its PV capacity tripled in a year to 1.5GW, while in Egypt a feed-in tariff (FiT) system has resulted in 1GW of PV under construction, with more projected for next year…A decline in new investment this year due to grid overcapacity saw Chile slide two places to eighth, while Canada and Denmark both fell one place to 12th and 14th respectively…India, the US, Germany, Australia, Japan, and Mexico were all also in EY’s top ten…Despite having just one offshore project the US was ranked fourth in EY’s index for the technology [because of its potential level and incentive regimes] behind the UK, China and Germany…” click here for more

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