Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Forecast of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
The increased disposal of wind energy in north western area also caused investor concern. The wind curtailment will be a big challenge and affect the new instalment capacity.
Investors will hesitate to enter this market and the local government will be forced to increase the connection of wind power to grid. Power consumption decrease and the curtailment of wind power are most concerning.
In its 13th Five-Year-Plan, deployment of wind capacity is being favoured in southern and central regions, instead of the windier northern regions, in a bid to combat curtailment.
The majority of energy supply remains to be from coal power. The competition from coal-to-gas transformation and from nuclear will also present pressure for wind energy.