Global wind power market to drop in 2013 after 2012 surge, says report

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Worldwide wind power market will see a sharp drop in the number of new wind turbines installed in 2013, even though global installations increased by 10% to 44.8GW in 2012, according to a report by the Global Wind Energy Council (GWEC).

The report reveals that the global wind power installed capacity reached 282.5GW in 2012, an increase of about 19% compared to 2011.

GWEC predicts a modest downturn in 2013, followed by a recovery in 2014 and beyond with global capacity growing at an average rate of 13.7% to 2017, almost doubling global capacity to 536GW.