After a 20% falloff in 2013, the global wind power industry made a strong comeback in 2014, with a record 51.2 gigawatts (GW) installed, representing a 42% increase over the previous year, according to the BTM Consult arm of Navigant Research in its latest World Wind Energy Market Update 2015.
China alone installed a record 23.2 GW of new wind power last year. All told, the global five-year average growth rate was 7.8%, and cumulative installed capacity rose to 373 GW by the end of last year
However, Navigant projects a curtailment in the growth of annual new installations through 2019. Over that forecast period, installations are expected to increase by only 0.3% per year, and that includes an 8.9% growth in 2015. A total of 245,547 megawatts of wind power will be added over the forecast period, increasing cumulative capacity by 13.2% per year.
China will continue to lead the world in installation activity for the foreseeable future. But Navigant doesn’t expect that country to add more than 17 GWs in any given year.
Navigant foresees a “substantial” drop in installations in Germany due to changes in incentive structures after 5.1 GW of wind power were installed last year, which was higher than anticipated.
Chart from Navigant Research's wind power outlook
The U.S. wind power market has been recovering, thanks to the 2013 extension of the Production Tax Credit/Investment Tax Credit, as well as new safe-harbor guidance from the Internal Revenue Service about tax-credit eligibility. Navigant projects 14.8 GW will be installed in the U.S. in the years 2015 and 2016 combined.
In its 227-page report, Navigant notes that the average size of wind turbines increased only slightly in 2014, to 1,958 kilowatts (kW). The global market for direct-drive turbines grew 30% to 13,740 megawatts (MW), and represented 27% of all installations. In contrast, offshore wind grid connection and weather-related delays halved new offshore installations to 852 MWs in 2014.
Navigant notes that OEM sources are focusing more on product diversification, and are designed machines for maximum energy production in low wind speed areas, for operations in high altitudes or in cold climates, or for areas with blade-tip height restrictions. The evolution of larger rotor machines is leading to new blade designs, manufacturing processes, sourcing strategies, and supplier partnerships.
Interestingly, Navigant is seeing the hegemony of bigger players loosening a bit. Last year, the top 15 operator-owners controlled 29.3% of the market, or two percentage points lower than in 2013. “This exemplifies a trend of commercial acceptance in the utility marketplace. Demand for wind plants continues to move beyond the traditional owners that are historically comfortable with wind to new owners that are now convinced of the value wind plants bring to their portfolios,” Navigant reports.
Related Stories
Green | Feb 10, 2017
Radical proposal would transform Chicago’s Lake Shore Drive and create new lakefront park space
Over 70 new acres of public space would be created between Ohio Street and North Avenue.
Green | Feb 6, 2017
A to Z: Seoul’s elevated park features 24,000 alphabetized plants
The plants will represent 250 species found in South Korea.
Green | Feb 3, 2017
Nanjing Green Towers will be Asia’s first vertical forest
The project will be covered in 1,100 trees and 2,500 cascading plants and shrubs.
Sustainability | Jan 27, 2017
An office building proposed for Norway would generate more power than it uses
Over it’s 60-year lifespan, the power generated form the project would cover the energy cost of construction, production, and material transportation.
Sustainability | Jan 24, 2017
From an industrial park to an eco-neighborhood in Brussels, Belgium
At the heart of Vincent Callebaut Architectures’ eco-neighborhood will be three 100-meter-tall Vertical Forests.
Sustainability | Jan 19, 2017
How NYC is slashing 80% of greenhouse gas emissions by 2050
To help one of the most complex cities in the world develop an actionable strategy to meet visionary GHG reduction goals, we focused on strategies for deep carbon reductions for the city’s entire building stock, which constitutes 73% of citywide emissions, writes HDR's Jennifer Bienemann.
Game Changers | Jan 18, 2017
Turning friction into power
Research on piezoelectricity moves closer to practical applications for infrastructure and buildings.
Green | Jan 17, 2017
Everything you need to know to sound brilliant when talking about biophilia
We need nature in our everyday lives – which is why it’s so important to bring nature into the built environment.
Green | Dec 22, 2016
New tool makes it easier to share building energy efficiency information
The tool standardizes data collection from efficiency projects.
Sustainability | Dec 14, 2016
A floating, mobile gym powered by human energy envisioned for the Seine River
Energy created by those exercising within would power the gym down the Seine.
