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Monday 14/5/2007 Page: 2
AUSTRALIA ranks 14th out of 25 countries in terms of its investment attractiveness for renewable energy, behind the US, India and China, according to a survey by Ernst & Young. The index rates countries according to their overall near and long-term policies for renewables, particularly wind energy.
China's installed wind energy capacity doubled last year, and is set to exceed 5000 megawatts well before its 2010 target. Australia has 817 MW wind energy capacity, with new projects tapering off to about 100 MW last year as industry incentives run out. The US is expected to build 3000 MW of wind farm capacity this year, up 26 per cent on last year, resuming its growth as more states set renewable energy targets. California alone aims to get 20 per cent of power from renewable sources, including solar, by 2010.
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