31 Mar '14, 8am

Global wind power market declines 20% in 2013, says Navigant Research

Global wind power market declines 20% in 2013, says Navigant Research Press release; Alex Wolfgram, DIGITIMES [Monday 31 March 2014] Driven by government incentives and by falling prices of electricity generated by wind turbines, the global wind industry expanded steadily, and dramatically, from 2004-2012. In 2013, however, negative conditions in several key countries, particularly the US and Spain, were unconducive to the continued growth of the market. According to a new report from Navigant Research/BTM Consult, worldwide wind power installations reached 36.13GW in 2013 - a 20% decline from 2012. "The market decline in 2013 was not unexpected," said Feng Zhao, research director with Navigant Research. "The aftermath of the 2008 financial crisis still continues to weigh heavily - particularly on some of the Europea-based markets that underpin the industry. The US market ...

Full article: http://www.digitimes.com/news/a20140331PR200.html

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