With approximately 40 GW of new capacity added this year alone, the world's installed wind power capacity is expected to reach close to 200 GW by the end of 2010, according to the Global Wind Energy Council (GWEC), adding that there will be a downturn in the U.S. market.
‘We do expect the U.S. market to be down this year as the low level of orders we saw during the financial crisis work their way through the system,’ says Steve Sawyer, secretary general of GWEC. ‘On the other hand, stronger growth in China will make up for this, and the European market is very stable. Overall, wind energy continues to be a growth market, weathering the economic crisis much better than some analysts had predicted.’
In its five-year market outlook, GWEC forecasts that global wind power will double between 2010 and 2014, reaching more than 400 GW. This increase will continue to be driven by growth in China, the U.S. and Europe, but new countries are also entering the global wind map.
A longer-term outlook for global wind power growth will be presented by GWEC this month during its China Wind Power 2010 conference in Beijing.
SOURCE: Global Wind Energy Council