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A report from the Worldwatch Institute indicates that double-digit growth continued in the global wind market in 2013

A report from the Worldwatch Institute indicates that double-digit growth continued in the global wind market in 2013. Of today’s 318 GW total global wind generating capacity, 35 GW was added in 2013 alone. However, this growth (a 12.5% increase over 2012) was a significant drop from the average growth rate over the last 10 years (21%). Overall investment declined slightly from $81bn in 2012 to $80bn in 2013, says the report.

Onshore, wind power is becoming more cost-competitive against new coal or gas-fired plants, even without incentives and support schemes, says the report. Capital costs of wind power have decreased because of large technological advances such as larger machines with increased power yield, higher hub height and longer blades. 

News Item details


Journal title: Energy World

Keywords: Wind power

Countries: Worldwide -

Subjects: Wind power

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