Growth Trends and the Future of Wind Energy

Abstract This chapter gives an overview of the current status of the global wind industry now present in over 80 countries; 26 of which have more than 1 GW installed, and 8 with more than 10 GW. The global wind industry had another record-breaking year in 2015, annual installations topping 63 GW; and not only did renewables surpass all other power sector investments, for the first time capital investments in renewables surpassed all capital investments in fossil fuels. By the end of 2015, there were about 433 GW of wind power spinning around the globe, a 17% increase over the previous year; and wind power supplied more new power generation than any other technology. Looking ahead, Global Wind Energy Council (GWEC) sees wind power installations nearly doubling in the next 5 years. Wind power has become the least cost option when adding new capacity to the grid in an increasing number of markets, and prices continue to fall. Given the urgency to cut down CO 2 emissions and continued reliance on imported fossil fuels, wind power’s pivotal role in the world’s future energy supply is assured. Footnote The Global Wind Energy Council (GWEC) is the global trade association representing the wind industry. GWEC works at the highest international political level to create a better policy environment for wind power. GWEC’s mission is to ensure that wind power establishes itself as the answer to today’s energy challenges, providing substantial environmental and economic benefits. For more information visit: www.gwec.net .