Delivering on the Clean Energy Economy: The Role of Policy in Developing Successful Domestic Solar and Wind Industries

Delivering on the Clean Energy Economy: The Role of Policy in Developing Successful Domestic Solar and Wind Industries

Electricity production from non-hydro renewable sources is projected to grow more than eight-fold by 2035 and attract nearly $3 trillion in investments — if existing national commitments are implemented, a report from the and its project finds. The study, (56 pages, PDF), examined policy strategies for developing solar-photovoltaic and wind industries in China, India, Germany, Japan, and the United States and found that, while deployment rates for solar PV systems were price-sensitive, the Chinese and Japanese solar industries were able to grow in the absence of significant domestic demand by pursuing export-driven strategies. In contrast, domestic demand and stable policy was essential to the development of domestic wind industries, the report found. Moreover, export opportunities for the wind energy industry tended to emerge from an established domestic manufacturing industry supported by significant domestic demand.