GWEC Reveals Global Wind Industry Stats Of 2015

Posted by Betsy Lillian on February 12, 2016 No Comments
Categories : Featured, New & Noteworthy

Led by China with 30,500 MW of new installations, the global wind power industry installed 63,013 MW in 2015, representing annual market growth of 22%, according to a report from the Global Wind Energy Council (GWEC). Total global wind capacity reached 432,419 MW at the end of 2015, representing cumulative growth of 17%.

“Wind power is leading the charge in the transition away from fossil fuels,” says Steve Sawyer, secretary general of GWEC. “Wind is blowing away the competition on price, performance and reliability, and we’re seeing new markets open up across Africa, Asia and Latin America – which will become the market leaders of the next decade. Wind power led new capacity additions in both Europe and the United States, and new turbine configurations have dramatically increased the areas where wind power is the competitive option.”

GWEC says that as a result of its extraordinary annual market, China has edged past the European Union (EU) in terms of total installed capacity, with 145.1 GW compared to the EU’s 141.6 GW. The Chinese government’s drive for clean energy, supported by continuous policy improvement, is motivated by the need to reduce dependence on coal, which is the main source of the choking smog strangling China’s major cities, as well as growing concern over climate change.

Elsewhere in Asia, India chalked up a respectable 2,623 MW, pushing past Spain into fourth place in terms of cumulative capacity, after China, the U.S. and Germany; and Japan, South Korea and Taiwan added some new capacity, as well.

In the U.S., GWEC says more than 5,000 MW was installed in a remarkable fourth quarter, which resulted in an annual market of 8,598 MW and a cumulative total of 74,471 MW. Due to the five-year production tax credit extension passed in 2015, GWEC adds, the future looks very bright for the U.S. wind business, with longer market visibility than it’s ever had before.

Canada installed 1,506 MW, pushing past the 10 GW barrier to end 2015 with 11,200 MW; and Mexico chalked up 714 MW to end the year at 3,073 MW.

Germany led a stronger-than-expected performance in Europe, with a record 6 GW of new installations, including 2.3 GW offshore. Poland (1,266 MW), France (1,073), the U.K. (975 MW) and Turkey (956 MW) also helped lead the market. There are now 16 European countries with more than 1,000 MW installed and nine countries with more than 5,000 MW.

Despite its economic and political woes, Brazil installed a record 2,754 MW, with cumulative capacity reaching 8.7 GW. Uruguay took a giant step closer to its goal of 100% renewable energy with a 2015 market of 316 MW, bringing cumulative installations to 845 MW. New wind power was also added in Panama, Chile, Costa Rica, Honduras, Guatemala and Argentina.

GWEC says the Middle East and Africa was led by South Africa’s 483 MW market in 2015, pushing the country’s total installations over the 1 GW mark. Jordan opened its first large commercial wind power plant in 2015, and Ethiopia added a large new plant, pushing the region’s total to 3,289 MW.

Progress in Australia was slow, but it did add 380 MW to push the country’s total installations to over 4 GW.

“2015 was a big year for the big markets: China, the U.S., Germany and Brazil – all of which set new records,” says Sawyer. “But there is a lot of activity in new markets around the world, and I think in 2016 we’ll see a broader distribution.”

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