April 1 (SeeNews) - Annual wind power capacity additions in 2018 will reach 60 GW, with 29 GW of that installed in Asia, the Global Wind Energy Council (GWEC) forecasts.
China will remain the main growth driver in the sector. In 2014 it added an “astonishing” 23 GW of new wind power generation capacity and surpassed a cumulative total of 114 GW. According to GWEC, the country is well on the way to reach its 200-GW wind goal well before 2020.
“Wind power’s growth is increasingly driven by its competitive pricing, as well as because it enhances energy security, price stability and (especially in China) through the need to address the choking smog that is increasingly making major urban areas in the developing world unliveable, said Steve Sawyer, GWEC Secretary General.
India is the other Asian market that is seen expanding substantially in the coming years. In 2014 it installed 2.3 GW reaching a combined capacity of nearly 22.5 GW.
Europe will remain the second biggest wind power market between now and 2019, remaining relatively stable. North America is number three, but it is the most difficult market to predict, GWEC noted, because of imminent “policy vacuums” in both the US and Canada in 2016 or after that.
|Forecast by region||2015||2017||2019||Key markets|
|Asia||26 GW||28 GW||29.5 GW||China, India|
|Europe||12.5 GW||13.5 GW||16 GW||Germany|
|North America||9 GW||8 GW||10 GW|
|Latin America||4 GW||5 GW||6 GW||Brazil, Mexico|
|Middle East and Africa||1.5 GW||3 GW||4 GW||South Africa,
Egypt & Morocco
|Pacific||0.5 GW||1 GW||1 GW|
The world installed nearly 51.6 GW of wind power capacity in 2014, including 1.7 GW offshore. GWEC's Global Wind Report: Annual Market update released today is available here.