Wind Tech Intetnational

17. januar 2017 - 15:05

Wind turbines market will peak at US$ 81 billion in 2019 before falling in 2020

The global wind turbines market is set to experience a degree of turbulence over the next few years, rising steadily from US$ 76.54 billion in 2015 to US$ 81.14 billion in 2019, and dipping to US$ 71.21 billion in 2020, according to research and consulting firm GlobalData.

The company’s latest report states that technological developments have paved the way for more effective and reliable equipment and machinery, making wind one of the most reliable sources of power in the global market.

The steady growth of the wind energy market up to 2019 will be fuelled by declining costs of wind power generation, financial incentives by many governments, and growing environmental concerns. 

Despite the initial year-on-year growth of the wind turbine market during the forecast period, the expiration of Production Tax Credits (PTC) in the US market in 2020 will have a negative impact on global wind turbine installations and market value in the same year. The PTC for wind energy, which pays US$ 23 per megawatt hour (US$ 0.023 per kilowatt hour), will remain until 2016, followed by incremental reductions in value for the years up to January 2020. The projects which start construction in 2017 will get 80% of the credit, those that qualify in 2018 will get 60%, and those in 2019 will get 40%. The PTC for wind facilities will be phased out completely if the construction starts after December 31, 2019.

In terms of regional market share, China is set to continue its dominance of the sector throughout the forecast period, and will be responsible for 26% of the market in 2020, a long way ahead of second-place Germany, with 10%. To meet growing electricity demand, China has focused on increasing its installed capacity mainly from renewable energy sources and nuclear power plants.

Tilbake

Relaterte nyheter:

27-02-2017 Fra rekordår for norsk vind til dårligste vindår på lenge
20-02-2017 Prisutvikling elsertifikater uke 7, 2017
20-02-2017 Vil bygge vindkraft uten subsidier
17-02-2017 Tror på vindkraft uten subsidier
17-02-2017 Datasenter: Derfor velger kineserne Sverige
11-02-2017 Prisutvikling elsertifikater uke 6, 2017
09-02-2017 Statnett vil bygge gasskraftverk der vindmøller er verdens mest effektive
08-02-2017 Firedobler grønn satsing
06-02-2017 Fornybar energi i EU: Omsetter for 1.300 milliarder
31-01-2017 Utenlandske penger gir nordisk strømboom
  • Product
    Bid
    Ask
    Last
  • Spot
    65
    69
    67
  • March-17
    65
    69
    68
  • March-18
    65
    70
    68
  • March-19
    62
    65
    64
  • March-20
    60
    64
    64
  • March-21
    60
    64
    64
38 % Higher
62 % Lower

Registering for tilgang til
nyhetsbrev og ekstranett

Kun for NORWEAs medlemmer

Meld deg på idag!

Om Vindkraftnytt.no

Vindkraftnytt.no er en nyhetsside for kraftbransjen om onshore og offshore vindkraft, bølge, tidevann og strømninger. Nyhetene hentes fra utvalgte nasjonale, skandinaviske, europeiske og internasjonale medier, interesseorganisasjoner, myndigheter og kraftbransjen. Nyhetene spenner fra teknologi, prosjekter til økonomi, marked, rammevilkår og politikk. Les mer om Norwea her

NORWEA, Vind- Bølge-Tidevann
Wergelandsveien 23b,
0167 Oslo
post@norwea.no
Tlf. +47 47 34 93 48
© Copyright 2006 - 2012
All rights reserved.