Published: 21 November 2007 21 November 2007
Global wind plant is set to more than triple by 2015, with cumulative installed base expected to rise from approximately 91GW by the end of 2007 to over 290GW by the end of 2015, according to recently-released global wind energy country forecasts from Emerging Energy Research (EER).
Annual MW added for global wind power?is expected to increase more than 50% from approximately 17.5GW in 2007 to over 30GW in 2015. The US Federal Production Tax Credit's (PTC) current?extension through year-end 2008 and strengthening state Renewable Portfolio Standards (RPS) have boosted the US wind power market, with momentum accelerating into 2009.?Canada is also set for an RFP-driven boom in the coming years mainly in Ontario and Quebec. China is poised to continue record wind installations in 2007 and could?surpass its 5GW installed goal by as early as 2009 with massive industrial supply chain investments.? While India also continues to grow steadily, more substantial build-out awaits a production-based tax incentive mechanism that will spur a more centralised IPP development environment. Europe will continue as the world's largest regional market in terms of annual growth, transitioning from established markets such as Spain and Germany to new long-term growth regions like the UK, France, Portugal, and Italy.? Significant?wind expansion?will occur in Eastern European markets as well. Latin American and the Africa/Middle East regions are slowly picking up project by project.