China Provides a Tailwind for Wind Energy ETFs
Tuesday, December 1st, 2009
Tom Lydon (ETF Trends) submits:
The future is looking brighter for wind energy ETFs as China begins spending heavily to build a domestic market for renewable energy sources such as wind and solar. The Chinese government’s goal is to have renewable energy account for 15% of its fuel needs by 2020.
Wind energy is definitely a growth market. According to a report on global global wind energy market trends and future forecasts from Renub Research, global cumulative installed wind energy grew at an 26% annual rate for the period from 1990 to 2007. Much of the growth occurred in countries such as the United States, India and China. These same three countries are also expected to drive future growth in the industry, especially China.
