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What is the current outlook for the wind power industry?
Wind power has become the most affordable and versatile form of renewable energy, and has reached vastly diversified sites, from agricultural land to mountains, from sea to desert, from single units to gigawatt plants, from industrialised to developing countries around the globe. More than 51GW were installed in 2014 to reach 370GW in total, China having installed almost half of the new global capacity, followed by Europe with a quarter, and North America with almost a sixth. The growth has been sharp and steady over the last 15 years, and should carry on, with new dynamic areas in emerging markets such as China, Brazil, Turkey and Chile compensating for phases of regional slowdowns such as in many European countries (for example, Spain, France and Italy) due to a change of regulatory framework.
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