The global wind market will start to grow again this year, according to the Global Wind Energy Council (GWEC), installing 40 GW of new capacity.
The Council’s five-year industry forecast published earlier this week predicts that by 2015, global wind capacity will have more than doubled from 194.4 GW at the end of 2010 to 450 GW.
The forecast assumes an average growth rate of 18.2% a year, which the GWEC says is ‘conservative’ compared with growth over the last decade. Even 2010 did see strong investment in wind power, up 31% on 2009 to reach $96 billion, driven primarily by China.
China alone accounted got almost half of the new capacity added in 2010 and could exceed annual additions of 20 GW by 2015. The government’s new five-year plan has set a target of 70 GW, which the country could, in fact, surpass.
Not all winds flow foul!
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