Wind Energy Setting Records, Growing Still: The Wind Energy Outlook for 2016



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Renewable Energy World

n 2014, annual global installed wind energycapacity reached an unprecedented 51.4 GW. Although final numbers for 2015 aren’t in yet, several sources, including Bloomberg and FTI Consulting, speculate that number could reach as high as 60 GW – an encouraging surge that gives fair indication 2016 could shape up to be another record year for wind. Here’s a look ahead at what 2016 has in store for wind energy across the globe, according to the experts.

U.S. Wind Bolstered by Tax Credit Extensions

The U.S. renewable energy industry got an early Christmas present on December 18 when Congress voted to extend the wind energy Production Tax Credit (PTC) and Investment Tax Credit (ITC). It is an announcement that bodes well for an industry that now boasts more than 70 GW of installed capacity.