Small-wind power to experience strong growth

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Posted on: 2 Dec 2013

With growing incentives by governments and end-user awareness, the global small-wind power market to grow five-fold and capacity more than six-fold by 2020.

2 December 2013 Small-wind power to experience strong growth With growing incentives announced by various governments and larger end-user awareness, the global small-wind power market is expected to grow five-fold and capacity more than six-fold by 2020. The small-wind power market is expected to increase from USD609 million in 2012 to USD3 billion by 2020, at a year-over-year growth rate of 22 percent, according to a report from GlobalData. The global small-wind turbine up to 100 kilowatts (kW) cumulative installed capacity is also expected to witness a significant increase - from 728 megawatts (MW) in 2012 to 4,644 MW by 2020, growing at a rate of 26.1 percent. The report provides an understanding of the technology and market forces in the global small wind power market, as well as cost analysis, and data on installed capacity and power generation for the 2008–2020 period in the U.S., Canada, Germany, Spain, UK, China and India. China, the U.S. and UK contributed to more than 80 percent of the global small-wind power installed capacity in 2012, with 266 MW, 216 MW and 118 MW, respectively. “Small-wind power has huge potential in China, due to the large rural population and the requirement for distributed power systems. The country also has more than 80 small-wind turbine manufacturers, which produce the largest number of these turbines,” says Prasad Tanikella, GlobalData’s Senior Analyst covering Power. “Still, the UK was the fastest growing small-wind power player in 2012, installing more than 50 MW. Its market is expected to grow further due to financial incentives under the renewable obligation, the implementation of feed-in tariff policies, and streamlining of administrative procedures.” Streamlining permitting crucial to ensure growth Although the future for small wind looks promising, the market could face some obstacles in the form of economic slowdown, along with zoning and permitting challenges. Further hindrance could be caused by low public awareness, lack of net-metering programs and certification issues. “Poor permitting practices and unnecessary restrictive regulations are the major market barriers discouraging customer interest and investment. Streamlining the permitting process will be crucial towards ensuring that the growth of wind installation is not hampered by administrative issues,” Tanikella concludes. Sources: GlobalData Related: Policies power renewables growth in Asia-Pacific Wireless smart metering takes off globally Local policies drive renewables growth in Americas World wind outlook positive - despite slowdown
Posted: 02 December 2013

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