Wind Power Market to Slow on EU, U.S., China Hurdles, Lobby Says



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Bloomberg

Wind farm growth is set to slow as limits on capacity in China’s grid, falling carbon prices in Europe and a lack of direction in U.S. government policy hamper demand in major markets, the Global Wind Energy Council said.

Turbine capacity of 586,729 megawatts will be installed by 2020, from 237,699 megawatts in 2011, the Brussels-based lobby said today in an e-mailed report co-authored by environmental campaigner Greenpeace. They see annual investment of 45 billion euros ($57 billion) in 2020, down from 50 billion euros in 2011. The figure is equivalent to annual capacity growth of less than 11 percent, down from 28 percent for the 15 years through 2011.