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Windtech International May June 2024 issue

 

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Installed wind capacity is set to increase as wind power markets are expected to witness massive growth in multiple regions, following a temporary decline caused by the global recession, a new report by market intelligence experts GlobalData has found.

The report ‘Wind Repowering - Capacity, Generation and Cost-Benefit Analysis to 2020’ shows that the wind power industry made a strong recovery from the financial crisis in 2011, helped by the extensive work demanded by sites due for repowering maintenance. The historic pattern of wind power installations predicts an enormous surge in the repowering industry within the next five years. The global wind repowering market in 2011 was primarily dominated by Denmark, Germany, the US and India. Denmark was the largest wind repowered market with an estimated 213.1MW, accounting for around 51.6% of the total global repowered capacity. Germany, the second largest wind repowered market in 2011 forms around 43.1% of the global repowered capacity. According to GlobalData, the value of the global wind repowering market has increased significantly during the last five years. In 2005, wind sites were repowered to an estimated cumulative capacity of 877MW. Since this time, the cumulative installed capacity has risen dramatically to 2,499.4MW. Still, this explored capacity represents only around 17% of the total global repowering potential, which is estimated to exceed 50,000MW by 2020.
 
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