According to the Global Wind Energy Council (GWEC) the world's wind capacity has grown by 40 gigawatts this year despite the financial crisis. The GWEC forecasts installed wind capacity to double between 2010 and 2014.
With the new additions, global wind capacity has increased to 200 gigawatts. The GWEC projects this number to grow to 400 gigawatts by 2014 as a result of industry growth in China, Europe, and the United States.
New, emerging markets are also driving wind power growth worldwide. Steve Sawyer, Secretary General of the Global Wind Energy Council, notes that half the growth is being driven by emerging markets such as Brazil, Mexico, Chile, Northern Africa, and Sub-Saharan Africa.
Sawyer states that the tough year for the U.S. wind market has been balanced by industry growth in China. He says this year clearly shows that "overall, wind energy continues to be a growth market, weathering the economic crisi much better tahn some analysts predicted."
Read the full story at the Global Wind Energy Council: Global wind capacity to reach close to 200 GW this year
Image credit: Canadian Wind Energy Association
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.