Installations may have slowed in 2013, but the global cumulative wind power capacity will more than double from 2013’s 319.6 GW to 678.5 GW by 2020. According to a new report from GlobalData, China was responsible for 45% of the total global annual capacity additions. The firm’s alternative energy analyst Harshavardhan Reddy Nagatham said, “While China will continue to be the largest global wind power market through to 2020, growth for the forecast period will be slow due to a large installation base.”
The report also states that the US will remain the second largest global wind power market in terms of cumulative installed capacity, increasing from 68.9 GW in 2014 to 104.1 GW in 2020. This will largely be driven by renewable energy targets in several states, such as Alaska’s aim to reach 50% renewable power generation and Texas’ mandate to achieve 10 GW of renewable capacity, both by 2025.
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