Wind power surges to new record

The Global Wind Energy Council (GWEC) released its Annual Market Update on April 17th. The report provides a comprehensive analysis of the global wind industry, now present in about 79 countries, with 24 countries having more than 1,000 MW installed. This year’s report includes outlooks for the most important markets in wind worldwide and future trends, with forecasts for the 2013-2017 period.

Record numbers of installations in the United States and Europe led to total installations of 44.8 GW of new wind power globally in 2012, 10% more than was installed in 2011. This represents investments of about €56 billion. Global installed capacity has now reached 282.5 GW, a cumulative increase of almost 19%.

The forecast is for a modest downturn in 2013, however, followed by a recovery in 2014 and beyond; with global capacity growing at an average rate of 13.7% up to 2017, and global capacity nearly doubling to 536 GW.

Article published in: FuturENERGY June 2013