Global wind markets will continue to grow rapidly taking installed wind capacity to 409GW by 2014, according to industry experts.
The growth from 158.5GW capacity at the end of last year, assumes an average growth rate of 21% per year, according to a Global Wind Energy Council (GWEC) annual industry forecast.
“Even in the face of a global recession and financial crisis, wind energy continues to be the technology of choice in many countries around the world GWEC secretary general Steve Sawyer said.
The US and Chinese markets will continue to lead global wind power expansion, according to the forecast.
China has overtaken Germany as the second largest wind power market in 2009 with an installed capacity of 25.9GW and is expected to add over 20GW annually by 2014.
Europe will continue to host the largest wind capacity up to 2013, however, Asia with 148.8GW of installed capacity will overtake Europe with its 136.5 GW by end of 2014, according to GWEC.