Navigant: Global wind power installations grew by 42 percent in 2014 over previous year

By: InnovatioNews Wednesday April 1, 2015 0 comments Tags: Boulder, Jesse Broehl, Navigant Research, Siemens, Vestas, wind power

 

Navigant Research logo newBOULDER - Worldwide wind power installations grew by 42 percent year-over-year in 2014, according to a new report by Navigant Research.

Fueled by policy-driven acceleration of installations in three key countries - China, Germany and the U.S. - the global wind industry staged a comeback in 2014, the report said.

Expansion in second-tier nations, including Brazil, Turkey, France and Canada, also helped sustain the industry as it matures into a significant source of renewable energy, the report noted.

"The wind power industry achieved a record year of installation in 2014, setting the stage for steady growth in the coming years," said Jesse Broehl, Navigant senior research analyst.

"The industry's development is being bolstered by key established markets and increasingly supported by new and diversified global markets."

Vestas, which has its North American manufacturing facilities located in Colorado, remained the top supplier after strong sales both onshore and offshore and widespread across global markets, the report said, with Siemens in second place.

An executive summary of the report, "World Wind Energy Market Update 2015," is available for free download on the Navigant Research website.
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