Global offshore wind report 2014

For the first time in more than 20 years, the annual global market for wind energy shrank in 2013. We knew that this was likely to be the case when we did our forecast for 2013 one year ago, but we didn’t expect the drop in the United States to be as dramatic as it was – going from 13 GW in 2012 to just 1GW in 2013. China once again emerged as the global leader, installing 16 GW, and European numbers were steady, resulting in a global market of just over 35 GW, and cumulative market growth of 12.5%. As has been the case for three of the past four years, the majority of installations were outside the OECD, and this is a trend which will continue to intensify with the emergence of significant markets in Latin America and Africa along with those in Asia which currently drive global growth.