ABB_id2059
in News Departments > New & Noteworthy
print the content item

Despite a slowdown from the U.S. wind market in 2013, MAKE Consulting says its long-term global growth outlook remains unchanged and expects the global wind market to continue to grow at a 4.6% compound annual growth rate (CAGR) over the 2012 to 2020 period.

Positive developments in Chinese regulation as well as better-than-expected project developments in Australia, Vietnam and Thailand have partly mitigated U.S. malaise, MAKE says, adding that it expects global wind markets to recover strongly in 2014, including the U.S., with a 21% increase in global grid-connected installations.

MAKE’s long-term view on markets after 2014 remains that growth will flatten off for two years in 2015-2016 followed by a resumption of growth to 5.4% CAGR recovery in 2017-2020, as the levelized cost of energy for wind drops below grid parity.

As for the U.S. wind market, MAKE notes that order flow and construction activity has remained low due to the late extension of the production tax credit. Therefore, the firm has downgraded 2013 U.S. wind expectations by 1 GW to 2.5 GW.

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

The Song Remains The Same: AWEA Says Stable Policy Can Protect U.S. Wind Investment

Although the U.S. wind industry added more than four times the amount of wind in 2014 compared with 2013, predictable policy is needed to sustain its long-term success.


High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.

Hybrid Energy Innovations 2015