10 to deliver wind growth – Navigant
Ten key emerging markets in Africa and the former Soviet Union are set to see strong wind power growth from 2014 onwards, says a new study from Navigant Research.
The list of 10 – which includes Russia, Ukraine, Morocco, Kenya and fast-growing renewable powerhouse South Africa – will be installing 3.35GW annually between them by 2023, according to Navigant’s Emerging Wind Markets Assessment for 2013-23.
By that date the total capacity added by the 10 since 2013 will be 27.1GW. South Africa will surpass Egypt as the wind leader on its continent, with Ukraine the number one in the former Soviet bloc, Navigant predicts.
The group as a whole is expected to deliver compound average annual growth of 21.9% – which Navigant contrasts to flat or more insipid growth in existing major wind centres.
Navigant said: “As an alternative market amidst a slowdown in the established markets, in the next 10 years, the demand for wind power in Africa and the former Soviet Union will make these regions critical parts of the global wind market.”