(SeeNews) - Apr 10, 2014 - New wind power installation will increase by 34% on the year to 47.3 GW in 2014 and hit 64 GW in 2018, driven up by growth in China and recovery in the USA, the Global Wind Energy Council (GWEC) said today.
The Brussels-based wind power lobby GWEC sees a rebound this year after a 22% decline to 35.5 GW in 2013. The global cumulative installations for 2014 are seen to reach 365.5 GW, while for 2018 the figure will rise to 596.4 GW, GWEC noted in its report “The global market is back on track for 2014,” released on Wednesday.
Apart from the key growth drivers in the wind segment, China and the US, GWEC also expects record installations in Canada and Brazil and hundreds of megawatts in South Africa. Still, the wind market is not likely to once again register the 20-25% or more average growth from the past two decades without a strong global climate policy. “But for the industry to reach its full potential, it is essential that governments get serious about climate change, and soon,” Sawyer noted.
Asia is expected to install in 2014 most of the new wind capacity, or 20.5 GW, followed by Europe with 11 GW and North America with 10 GW. Latin America is seen at 3 GW, while the Middle East and Africa are forecast to add 2 GW. The Pacific countries will install 800 MW of wind farms in 2014.
In its outlook for the 2014-2018 period, GWEC said it expects 51 GW of new wind farms in 2015. Capacity additions will climb to 55.7 GW and 60.2 GW in 2016 and 2017, respectively.