The
20%
drop
on
the
previous
year
reflects
the
second
year
of
slowing
growth
in
an
industry
that
had
experienced
breakneck
expansion
since
2005,
doubling
in
size
for
three
consecutive
years
from
2006
until
China
became
the
world’s
largest
wind
market.
In
2011
however,
the
National
Energy
Administration
(NEA)
introduced
tougher
approval
procedures
for
wind
farms,
which
have
been
“very
effective”
in
slowing
new
installations,
says
Demi
Zhu,
analyst
at
Bloomberg
New
Energy
Finance.
Tighter
lending
conditions
for
developers
in
the
past
year
have
also
contributed
to
the
weaker
pace
of
growth.
Last
year’s
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