Market

The most active national market right now is the United States, with at least 1500 MW lining up for installation by end 2001. Strong German and Danish growth continues: with Germany's fixed tariffs set for five years and EU approval granted to Denmark's wind law reform, the markets should stay robust. Once the Danish law is in operation, green certificate trading will show itself to be workable in practice, or not. In Texas, there is no longer any doubt that it does work. Just ten months after its Renewables Portfolio Standard (RPS) came into force, bringing with it a green credit trading market, 750 MW of wind is more or less signed, with another 850 MW on the way. Far from taking nine years to fulfil the RPS 2000 MW, Texas will do so within three years.

Spain could be heading for a hiatus as regions call for time-out: the high fixed tariff has sparked such fast growth that infrastructures cannot keep up. Japan's fixed tariff continues to stimulate projects and it, too, is considering an RPS. The UK, at long last, could be about to secure regulations that would finally make its market fly -- new planning rules and again an RPS, though partly flawed by a cap on green credit pricing. Meantime RPS laws are on the way in Austria, France, and Belgian, combined with fixed tariffs as a catalyst to get the markets going.

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