Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

World Wind Power To Double By 2020

Originally published on Energy Post.
By Karel Beckman

Despite an overall slump in installations in 2013, the global cumulative wind power capacity will more than double from 319.6 Gigawatts (GW) at the end of 2013 to 678.5 GW by 2020, says research and consulting firm GlobalData.

The company’s latest report* states that China, the largest single wind power market, responsible for 45% of total global annual capacity additions in 2013, is expected to have a cumulative wind capacity of 239.7 GW by 2020. China overtook the US as the leading market for installations in 2010, when it added a massive 18.9 GW of wind capacity.

Harshavardhan Reddy Nagatham, GlobalData’s Analyst covering Alternative Energy, says: “China doubled its cumulative wind capacity every year from 2006 to 2009 and has continued to grow significantly since then. Supportive government policies, such as an attractive concessional program and the availability of low-cost financing from banks, have been fundamental to China’s success.

“While China will continue to be the largest global wind power market through to 2020, growth for the forecast period will be slow due to a large installation base.”

The report also states that the US will remain the second largest global wind power market in terms of cumulative installed capacity, increasing from 68.9 GW in 2014 to 104.1 GW in 2020. This will largely be driven by renewable energy targets in several states, such as Alaska’s aim to reach 50% renewable power generation and Texas’ mandate to achieve 10 GW of renewable capacity, both by 2025.

Nagatham concludes: “The slump in 2013 was largely a product of a decrease in installations in the US and Spain. While there are likely to be further slight falls in annual capacity additions in 2015 and 2016, overall industry growth will not be affected as global annual capacity additions are expected to exceed 60 GW by 2020.”

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

Advertisement
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

We publish a number of guest posts from experts in a large variety of fields. This is our contributor account for those special people, organizations, agencies, and companies.

Comments

You May Also Like

Clean Transport

First Pennsylvania, now Australia, then Europe: Wabtec is taking its 100% electric locomotives on the road.

Clean Power

Simplifying complex energy storage interfaces to develop better devices.

Batteries

Electric vehicles often differ based on different battery technologies. US-based electric automaker Tesla has set the trend for years. According to Yang Jie at...

Climate Change

Scientific research shows the deadly 2021 Pacific Northwest heatwave, for example, would’ve been virtually impossible without climate change.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.