With China now the clear global renewables leader and new countries emerging as key contenders in the market, a new world order is apparent in the clean energy sector, according to Ernst & Young’s latest Renewable Energy Country Attractiveness Indices of 30 countries.
China’s record spending on its wind industry this quarter represented nearly half of all funds invested in new wind projects around the world. Figures released for the second quarter of 2010 showed that China invested around $10bn in wind out of a global total of $20.5bn. Such heavy investment has ensured that approximately one in every two wind turbines to go live in 2010 will have been in China.
China Invests $10 Billion in Wind Energy Technology | Solar Thermal Magazine
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