Wind body report a best practice guide for attracting investment

The Global Wind Energy Council (GWEC) has released a report advising the wind power sector on how best to attract investment.

The GWEC produced the report, ‘Entitled '30 Years of Policies for Wind Energy: Lessons from 12 Wind Energy Markets,' alongside the International Renewable Energy Agency (IRENA) .

The document is essentially a best practice guide for enticing investors.

Wind turbines
It states that wind power generation as a mainstream power technology is projected to cross installed capacity of 490GW by 2016.

Energy Business Review reports that GWEC secretary general Steve Sawyer said that the increasing experience of a greater number of countries producing a growing percentage of their electricity from wind has brought about several successful methods to harness wind power.

"The objective of this report is to highlight what has worked and what hasn't," Sawyer added.

Political support towards wind power development and a stable policy and regulatory framework were labeled as the primary conditions required to attract investments for the sector.

The report focused on 12 leading wind markets such as Brazil, China, Denmark, Germany, Greece, India, Ireland, Italy, Portugal, Spain, the UK and the US and was compiled following a review of the various policy and regulatory measures that positively contributed to the sector's growth in the past.

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