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.
Estimate of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
No direct support for future wind farms exists in current legislation, and the draft 2030 National Energy and Climate Plan has no provision for auctions, alongside an unsurprisingly conservative target for 25% of the country's electricity to be generated from renewable sources.
No wind capacity has come online since retroactive policy changes were made in 2015 and investor confidence in wind energy remains low.
Permitting and grid-connection processes are not particularly onerous, especially in comparison with other countries in the region.