Will The Wind Industry Maintain Its Momentum?



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North American Wind Power

Record installations in the U.S. and Europe helped contribute to 44.8 GW of new wind power globally in 2012, 10% more than what was installed in 2011, according to a new report from the Global Wind Energy Council (GWEC). Global installed capacity has now reached 282.5 GW, a cumulative increase of almost 19%.

However, GWEC's Annual Market Update forecasts a modest downturn this year, followed by a recovery in 2014 and beyond - with global capacity growing at an average rate of 13.7% through 2017 and nearly doubling to 536 GW.