Following the fallout from the financial crisis in 2008 and the dire straits of the Spanish economy in the subsequent period new installations of new wind turbines all but stagnated between 2012 and 2015 remaining at close to 23,000 MW installed capacity for the entire period. Whilst Spain put expansion on ice the other world leading countries continued to expand or accelerated new wind turbine installations and by 2015 India had moved ahead of Spain in total installations. As of end 2015 ranked 5th in the world by wind power installed capacity.