On April 19, 2016 the Global Wind Energy Council (GWEC) released its annual report entitled “Global Wind Report: Annual Market update”, reflecting the general state of the modern wind energy industry, overview of the main trends of its development for 2015 as well as market forecasts for 2016-2020.
The document is available on the website of GWEC through the link: Global Wind Report: Annual Market update
The report informs about the new records in wind energy set worldwide in 2015, which transform the global energy system and which are very necessary to achieve the climate objectives agreed by 186 countries in Paris last December.
“Wind power led all technologies in new power generation in 2015,” commented on the report GWEC Secretary General Steve Sawyer. “Led by wind, renewables have come of age and are transforming the power sector.”
Chinese industry continues to impress, having installed at least 30.8 GW of new capacity last year (that's more than the entire industry in 2008). China has overtaken the EU in total installed capacity, having closed the year with 145 GW in total. Both European and American markets proved to be better than expected. The new record has been set by the European offshore wind sector, with a little more than 3 GW of installed capacity. Canada, Mexico and Brazil also had strong years.
“The Paris Agreement requires a fully decarbonized power system by 2050 if not before, said Steve Sawyer. “And if we cannot keep temperatures within 2° C above pre-industrial levels, then we need to speed up this process of restructuring.”
Relying on China, Europe and the United States, the Global Wind Energy Council (GWEC) predicts that the number of wind power turbines will double over the next five years.
At the same time, new markets will emerge in Africa, Asia and Latin America, which will ensure strong growth in the short term. Outside of China, the Asian market will be led by India and new rapidly developing market players: Indonesia, Vietnam, the Philippines, Pakistan, Mongolia and others.
South Africa became the first market in Africa, crossed the bar at 1 GW last year, and now share the lead in the region with Egypt, Morocco, Ethiopia and Kenya. South Africa is becoming the leading market in Africa, having surpassed the mark of 1 GW last year, and will now share the leading role in the region with Egypt, Morocco, Ethiopia and Kenya.
Brazil will continue to play a leading role in Latin America. Following its lead, Chile and Uruguay will prove themselves and the enormous potential of Argentina will be revealed.
”Wind power is now mainstream, supplying competitive, reliable and clean energy to fuel economic growth, and to cut emissions in established economies, while at the same time creating new jobs, new industries, and enhancing energy security,” concluded Sawyer.
This report is the 11th annual report on the status of the global wind industry prepared by the Global Wind Energy Council (GWEC). It provides a comprehensive overview of the market in more than 80 countries, 26 of which have more than 1 GW installed, and 8 countries – more than 10 GW. The information contained in this report is a market analysis that has been conducted by the GWEC’s member association, governments of different countries as well as companies and independent analysts from around the world.