Full Title: Global Wind Report: Annual Market Update 2014
Author(s): Global Wind Energy Council
Publisher(s): Global Wind Energy Council
Publication Date: March 1, 2015
Full Text: Download Resource
Description (excerpt):
While we still have a long way to go before the amount of installed renewable generation is large enough to significantly reduce carbon emissions, there is a growing understanding that if you are in the energy industry, you had better start looking at balancing renewables and fossil fuels in your portfolio.
In growing markets, such as India, China and Latin America, the demand for power is great, yet some difficult lessons have already been discovered. Shortcuts in development or operations do not speed the ability to meet the demand, but actually slow it. These markets have an excellent opportunity to learn from some of the growing pains experienced within more mature markets like the US and Europe. Shortsighted or overaggressive public policies and also widespread project underperformance can be avoided by taking advantage of now well-tested industry best practices and more sophisticated methods for project and business development, finance, and market structuring.
Government policy and decision making play a large role in the development and implementation of renewable energy. For example, last year’s election of Narendra Modi as India’s Prime Minister heralds much promise for renewable energy throughout the country. This event is certainly welcome. However, it is critical that the incoming policies are designed to provide enduring support for India’s energy transformation with a healthy industry and strong future in mind.