This week, the Navigant Research, highlighted that wind power currently supplies about 3% of the world’s electricity and will rise to 7.3% by 2018. The report follows the latest scenario from EWEA which stated by 2020 EU’s installed wind capacity is set to reach 192 GW.
Despite this being at a slower rate and nearly 40GW lower than EWEA’s prediction five years ago, it is a rise of 64 percent from 2013 levels.
Both reports predict continued growth and a positive outlook for the industry, despite a protracted economic crisis and regulatory instability.
Feng Zhao, Research Director at Navigant Research stated, “Last year was the first in which the wind industry experienced negative growth since 2004, but there are signs that the 2013 slowdown will turn out to be an anomaly...Read More