Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

MAKE Updates Global Wind Power Market Outlook

Despite numerous adverse conditions, MAKE Consulting has made a slight upgrade to the long-term global wind power market outlook.

MAKE Consulting, one of the world’s leading renewable energy analytics firms, released its Q4/2015 Global Wind Power Market Outlook Update on Thursday, providing an analysis of global and regional wind power installation forecasts through the next decade (2024).

A number of global conditions throughout the last quarter affected this quarter’s Update.

MAKE highlighted the increased demand driven by soon-to-be-expiring policies in Germany and the United States as the main reason why expectations covered in the Q3 analysis will be exceeded by 5.5 GW from 2015 to 2018. As a result, MAKE has upgraded the near-term outlook.

However, long-term policy uncertainty — in Germany, the US, and particularly throughout the European offshore industry — has lowered confidence in growth through 2019 to 2024 by 4.3 GW.

As a result, MAKE has amended its 10-year outlook up 0.2%.

The specifics of MAKE’s amendments include a 24% quarter-over-quarter upgrade of the United States’ near-term growth, due to the hurry to apply for the country’s Production Tax Credit before it expires. A number of policy conditions throughout the European markets has influenced that region’s outlook, including a 17% boost from 2015 to 2019 in Germany, and a 43% drop over 10 years in Romania due to ongoing legislative uncertainty.

China’s outlook remains the same as last quarter’s analysis, while the remaining Asia Pacific region was adjusted downwards slightly.

MAKE saw firm global turbine order intake through the first three quarters of 2015 increase by 44% over the previous year’s first nine months to more than 36 GW, with China leading the way with 1.7 GW in Q3 alone.

 
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

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

You May Also Like

Clean Power

Annual global wind power capacity additions are expected to average 71 gigawatts (GW) between 2019 and 2023, and 76 GW between 2024 and 2028,...

Batteries

The continuing decline in costs for wind, solar, and battery storage technology will drive a global power grid half-powered by renewables by 2050, according...

Clean Power

A new report published this week by the International Renewable Energy Agency has found that 77% of onshore wind projects and 83% of utility-scale...

Clean Power

The Global Wind Energy Council published its Global Wind Report this week, in which it has predicted that the global wind industry will install...

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.