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A big growth of wind energy is expected in 2014
After the slowdown of the past few years wind energy will double in five years.
The Global Wind Energy Council (GWEC) on its annual report expects for the coming years a global growth of wind energy even though 2013 was an off year, especially for USA market.
According to GWEC the global wind market will grow at an annual cumulative capacity rate of more than 10 percent over the next five years, led by Asia and other developing regions.
From 1996 through to 2012, annual installed capacity for wind grew at an average rate of more than 20 percent but that percentage dropped dramatically in 2013 “caused by political uncertainty surrounding the tax laws in the U.S.” said Steve Saywer, GWEC Secretary General.
Looking at cumulative installed capacity for wind power, however, a much brighter picture emerges. In terms of annual markets for wind power, China is the leader and will probably remain in the next future. Anyway there are other countries where wind energy market is fast growing: “Germany had a very strong year as did the UK but probably for the first time in history, Canada installed more wind energy than the United States” -said Sawyer and he continued – “in 2014 Brazil could have a very good year. It could be third next year”.
2014 is expected to be an excellent year for wind. GWEC predicts an annual growth rate of 34 percent in 2014 and a cumulative growth of 14.9 percent for this year with a total annual installed capacity of 47 GW.
At the moment in the top 10 countries, in terms of cumulative installed capacity, we have, at the first place, China followed by U.S., Germany, Spain, India and the UK.
This classification is going to change with more emerging markets installing more wind power capacity: “India will overtake Spain in the relatively near future and probably by the end of this year we’ll have Brazil displace Denmark in the top 10” said Sawyer.
Brazil is expected to double its wind power installed capacity in 2014, according to Sawyer. The country has a total installed capacity of 4 GW now and plans to install that much wind power in 2014.
A Country that has a great development opportunities within the wind energy market is Mexico thanks to new energy reform legislation basically challenges the country to install about 2 GW of renewable energy capacity per year from now until 2024 to reach the target of 35 percent renewables by 2024.
Another hot market for wind power is South Africa, according to GWEC: There is almost 1.2 GW of wind power either under construction or ready to start construction right now and another 800 MW that has been awarded a contract and is awaiting funding.
In Asia, besides China, India and Japan there are many potentially substantial markets. Among these “Mongolia could be a very big wind market” said Sawyer considering that it has the highest GDP growth rate in the world.
Finally Sawyer identifies Vietnam, Pakistan, Sri Lanka and Thailand as other potential big wind markets.
According to GWEC the global wind market will grow at an annual cumulative capacity rate of more than 10 percent over the next five years, led by Asia and other developing regions.
The Wind Market in 2013
From 1996 through to 2012, annual installed capacity for wind grew at an average rate of more than 20 percent but that percentage dropped dramatically in 2013 “caused by political uncertainty surrounding the tax laws in the U.S.” said Steve Saywer, GWEC Secretary General.
Looking at cumulative installed capacity for wind power, however, a much brighter picture emerges. In terms of annual markets for wind power, China is the leader and will probably remain in the next future. Anyway there are other countries where wind energy market is fast growing: “Germany had a very strong year as did the UK but probably for the first time in history, Canada installed more wind energy than the United States” -said Sawyer and he continued – “in 2014 Brazil could have a very good year. It could be third next year”.
2014 is expected to be an excellent year for wind. GWEC predicts an annual growth rate of 34 percent in 2014 and a cumulative growth of 14.9 percent for this year with a total annual installed capacity of 47 GW.
Wind energy markets around the world
At the moment in the top 10 countries, in terms of cumulative installed capacity, we have, at the first place, China followed by U.S., Germany, Spain, India and the UK.
This classification is going to change with more emerging markets installing more wind power capacity: “India will overtake Spain in the relatively near future and probably by the end of this year we’ll have Brazil displace Denmark in the top 10” said Sawyer.
Brazil is expected to double its wind power installed capacity in 2014, according to Sawyer. The country has a total installed capacity of 4 GW now and plans to install that much wind power in 2014.
A Country that has a great development opportunities within the wind energy market is Mexico thanks to new energy reform legislation basically challenges the country to install about 2 GW of renewable energy capacity per year from now until 2024 to reach the target of 35 percent renewables by 2024.
Another hot market for wind power is South Africa, according to GWEC: There is almost 1.2 GW of wind power either under construction or ready to start construction right now and another 800 MW that has been awarded a contract and is awaiting funding.
In Asia, besides China, India and Japan there are many potentially substantial markets. Among these “Mongolia could be a very big wind market” said Sawyer considering that it has the highest GDP growth rate in the world.
Finally Sawyer identifies Vietnam, Pakistan, Sri Lanka and Thailand as other potential big wind markets.
