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$10’000/kW, and the average installed cost of all SWTs in 2013 was $6’940/kW. The Chinese small wind industry yielded, in comparison, a significantly lower average turnover of 12’000 Yuan/kW (1’900 USD – 1’500 EUR) in 2011. In the UK, the average installed costs in 2013 was 3’895 £/kW (5’873 USD/kW). Policies Like most other renewable energy technologies, the success of the small wind market depends on stable and appropriate support schemes. Today, feed-in tariffs (FITs), net metering, tax credits, and capital subsidies are the major energy policies geared specifically towards small wind. The small wind sector has especially benefited from the growing global trend of FITs. Unfortunately, only few countries have yet implemented specific FIT schemes for small wind which can be seen as the best tool for grid-connected small wind. In the UK, recent changes in the policy framework for small wind have negatively impact the industry. In November 2012, the government have merged all turbines under 100 kW to the same FiT. This change brought financial advantage for turbines in the range of 50-100kW. In April 2014, the government introduced an excessive FiT degression mechanism to which the industry is unable to respond. Denmark has recently set up a new FIT for small wind with attractive remuneration rates which may create a major new market in this European country in the near future. However, new policies need to be designed and implemented in order to boost the market for offgrid and minigrid systems. Microcredit schemes, in conjunction with loan guarantees provided by public institutions, seem to be promising approaches World Market Forecast 2020 As of information coming by mid 2015, the global small wind market saw a decrease during 2013, but was expected to grow again from mid 2015 mainly because an increase in the installations in China and USA. A minimum growth rate of 13% is anticipated to continue until 2015, reaching an annual installation of 125 MW of SWTs. SMALL WIND FEED-IN TARIFF PRICING WORLDWIDE Country/Region Size Limit EUR/kWh Within this time frame, individual countries and the international small wind community will be able to establish more rigorous and structured standards and policies to regulate the market and support investments. WWEA is planning to set up a global body which will support this process and help the small wind sector to mature and grow. It is also expected that, due to an increasing interest in electrification of remote areas, small wind will see major new market prospects in offgrid applications. Based on a conservative assumption, the market could subsequently see a steady compound growth rate of 20% from 2015 to 2020. The industry is forecasted to reach approximately 300MW of newly installed capacity added annually in 2020 and achieves a cumulative installed capacity of about 2GW by 2020 Canada Novo Scotia < 50kW 0,350 China off-grid 0,2–3kW 0,140 on-grid 5-20kW 0,110 Chinese Taipei 1-10kW 0,185 Denmark < 10kW 0,330 10-25kW 0,200 Greece < 50kW 0,250 Italy < 1MW 0,300 Israel < 15kW 0,250 15-50kW 0,320 Japan < 20kW 0,418 ≥ 20kW 0,167 Lithuania < 10kW 0,081 11-350kW 0,075 > 351kW 0,064 Portugal < 3,68kW 0,432 Slovenia < 1 MW 0,095 Switzerland < 10MW 0,179 UK < 100kW 0,207 USA Hawaii < 100kW 0,110 Vermont < 15kW 0,200 Table. Small Wind Feed-in Tariff Pricing Worldwide WIND ENERGY 64 energetica INDIA · NOV | DEC15


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