Global Wind Market Hits 155 GW
Strong wind power market grows to more than 150 GW worldwide, with more wind power coming from around the world.
Belgium, South Africa & Canada [RenewableEnergyWorld.com] Global wind energy markets are expected to continue their rapid growth, with the world's wind power capacity increasing by 160% over the coming five years, according to the annual industry forecast presented by the Global Wind Energy Council (GWEC).
The two markets leading global wind power expansion will continue to be the U.S. and China, whose markets have exceeded all expectations in recent years.
GWEC said that it expects that the global installed wind capacity will reach 409 GW by 2014, up from 158.5 GW at the end of 2009. This assumes an average growth rate of 21% per year, which is conservative compared to the 29% average growth that the wind industry experienced over the past decade. The organization predicts that in 2014, total wind capacity additions will be more than 60 GW, up from the 38.3 GW of annual wind capacity installations in 2009. "Even in the face of a global recession and financial crisis, wind energy continues to be the technology of choice in many countries around the world. Wind power is clean, reliable and quick to install, so it is the most attractive solution for improving supply security, reducing CO2 emissions, and creating thousands of jobs in the process," said Steve Sawyer, GWEC Secretary General. "All of these qualities are of key importance, even more so in times of economic uncertainty."
GWEC will present its full annual Global Wind 2009 Report at the European Wind Energy Conference in Warsaw on April 21 2010, which will include a five year forecast for the development of the global wind energy market. In the past, these projections have regularly been outstripped by the actual performance of the industry and have had to be adjusted upwards. Despite the ramifications of the financial crisis, 2009 was no exception. While in the U.S., the development for 2010 will be hampered by continued tightness in the financial markets and the overall economic downturn, the provisions of the US government's Recovery Act, and in particular the grant programs, will continue to counteract the impacts of the crisis. Coupled with legislative uncertainty at the federal level in Canada, the result is that the North American market is forecast to stay flat for the next couple of years, and then pick up again in 2012, to reach a cumulative total of 101.5 GW by 2014 (up from 38.5 GW in 2009). This would translate into an addition of 63 GW in the US and Canada over the next five years. Chinese Wind Growth In China, growth is set to continue at a breathtaking pace. Already in 2009, China accounted for one third of total annual wind capacity additions, with 13.8 GW worth of new wind farms installed. This took China's total capacity up to 25.9 GW, thereby overtaking Germany as the country with the most wind power capacity by a narrow margin. Until 2013, Europe will continue to host the largest wind capacity. However, GWEC expects that by the end of 2014, Europe's installed capacity will stand at 136.5 GW, compared to Asia's 148.8 GW. By 2014, the annual European market will reach 14.5 GW, and a total of 60 GW will be installed in Europe over this five-year period. The proposed Dorper and AB’s projects both have existing transmission grid infrastructure on site. Their development and operation could contribute to the Department of Energy’s self-imposed target of producing 10,000 GWh of renewable energy by the year 2013.
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Graham Jesmer
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Possibly they mean at the end of 2009 for that last value, otherwise a prediction of flat growth with 4 significant figures of accuracy would be surprising. This prediction amounts to a bit below 21% growth per year for the next 5 years, which is well below the trend line of the last several years....
Steven