Global wind energy capacity to rise by more than half in next five years



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Energyworld

Wind power has become more competitive over the past few years, with a move from government subsidies to auctions which has brought costs down further.

Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows.

In its annual report on the status of the global wind industry, the GWEC said cumulative wind energy capacity stood at 539 gigawatts (GW) at the end of last year, 11 percent higher than the previous year.