The global wind industry will install more than 46GW of new wind energy capacity in 2012, according to a five-year industry forecast published by the Global Wind Energy Council (GWEC). By the end of 2016, total global wind power capacity will be just under 500GW, with an annual market in that year of about 60GW.
Overall, GWEC projects average annual market growth rates of about 8% for the next five years, but with a strong 2012 and a substantial dip in 2013. Total installations for the 2012-2016 period are expected to reach 255GW, with cumulative market growth averaging just under 16%. For the next five years, annual market growth will be driven primarily by India and Brazil, with significant contributions from new markets in Latin America, Africa and Asia. For the second year running, the majority of new installations were outside the OECD and this trend will no doubt continue.
Overall, GWEC projects average annual market growth rates of about 8% for the next five years, but with a strong 2012 and a substantial dip in 2013. Total installations for the 2012-2016 period are expected to reach 255GW, with cumulative market growth averaging just under 16%. For the next five years, annual market growth will be driven primarily by India and Brazil, with significant contributions from new markets in Latin America, Africa and Asia. For the second year running, the majority of new installations were outside the OECD and this trend will no doubt continue.
