Global wind market to return to rapid growth after flat 2018 – GWEC



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Renewables Now

April 25 (Renewables Now) – The global wind market is not expected to experience any significant expansion between 2017 and 2018 but will return to “dramatic” growth in 2019, the Global Wind Energy Council (GWEC) said today as it released its annual market update.

According to GWEC, wind will cross the 60-GW annual deployments mark in 2020 and grow further from there to reach a total of 840 GW by 2022.

“We have a booming new market in Argentina, a return to form in South Africa, Mexico on the verge of dramatic growth, and a powerhouse building in India,” said GWEC secretary general Steve Sawyer. “We see huge potential just beginning to be realised in Russia, Vietnam and even Saudi Arabia; and offshore is spreading like wildfire across the globe due to Europe’s patient, pioneering efforts to bring the technology to cost-competitiveness,” Sawyer added.