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The Global Wind Energy Market is Unaffected by the Crisis

Date of release : 03/01/2013

2012 was a good year for the global wind energy market, mainly in the US and China. However, Europe is not getting left behind and is even in the lead as far as offshore power is concerned.

In early February, the Global Wind Energy Council (GWEC) published its global wind power statistics for 2012. According to these figures, the global market remains dominated by three large geographic zones: China is in in first place, with a wind power industry representing 30% of global wind energy, closely followed by the United States (29%) and the European Union (26%).

“While China paused for breath, both the US and European markets had exceptionally strong years”, said Steve Sawyer, Secretary General of the Global Wind Energy Council. “Asia still led global markets, but with North America a close second, and Europe not far behind.”

Indeed, despite a slowdown in terms of installations, China remains in front, succeeded by India, which is also pervasive in this sector. The Asian market’s domination should therefore continue over the coming years.

Hot on the Heels of the Asian Market

However, the European market has nothing to be ashamed of: in third place on this 2012 ranking, it has increased by 12.4 GW in a year. The sector is partially dominated by the UK and Germany, even if many countries such as Italy, Sweden and even Poland offer excellent solutions for the sector’s sustainability on the Old Continent.

In addition, Europe has maintained its place at the top of the offshore market, with 1,166 MW installed, which is about 90% of the capacity installed in 2012.

European prospects bode well for 2020 and the wind power market should reach a certain level of stability by then. On the other side of the Atlantic, it was also a solid year for Canada, Brazil, Mexico and the USA, which all increased, if not doubled, their capacity in the wind energy sector.

This is all optimistic news then for the future of renewable energy, one of the rare sectors to escape unscathed from these difficult times of crisis.

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