Global wind market to top 60GW a year by 2014: GWEC

The global wind market is forecast to be worth a staggering 60 gigawatts (GW) a year by 2014, up from the 38.3GW of capacity commissioned last year, as China and the US continue their dash towards utility-scale onshore projects.

Global installed capacity will rise to 409GW from its level of 157.9GW at the end of 2009, representing an annual growth rate of 21%, according to figures provided by the Global Wind Energy Council (GWEC).

The US and Chinese markets, which “have exceeded all expectations in recent years”, will become even more dominant in the years ahead.

The Chinese market is expected to continue its rampage, thanks to “very aggressive” government policies intended to spur the domestic industry. GWEC believes China’s unofficial target of 150GW installed by 2020 is likely to be Log in to read complete article.

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