> Global wind power market to more than double by 2018

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Jul 23, 2014

Global wind power market to more than double by 2018

A report by Navigant Research has stated that they expect wind power's global market share of electricity consumption to more than double in the next 4 years.

Currently at nearly 3 percent, the prediction of a rise to 7.3 per cent of the world's electricity consumed being produced by wind power is very positive news for the wind sector, which saw negative growth in 2013 - the first for almost 10 years. This slowdown is now thought to have been an anomoly with strong growth expected year on year.

The offshore market is the key driver for the growth and the UK offshore market is particularly strong in this sector with nearly 50% off all new offshore wind installations during 2013 taking place in the UK.

Click here to read the story in full on www.offshorewind.biz