GLOBAL WIND REPORT - gwec.net

1 THE EUROPEAN UNIONGLOBAL WIND REPORT annual MARKET UPDATE 2013 GWEC opening up the frontiersfollow us onNavigating the GLOBAL wind power market Photo by Will HermanThe GLOBAL Wind Energy Council is the international trade association for the wind power industry communicating the benefits of wind power to national governments, policy makers and international institutions. GWEC provides authoritative research and analysis on the wind power industry in more than 80 countries around the next publications to watch for include:Our mission is to ensure that wind power establishes itself as the answer to today's energy challenges, providing substantial environmental and economic benefits.

2 GWEC represents the industry with or at the UNFCCC, the IEA, international financial institutions, the IPCC and Wind Energy Outlook October 2014 GWEC China Wind Development REPORT 2014(English/Chinese) Q4 2014 GLOBAL Statistics February 1 11:513 GWEC GLOBAL Wind 2013 REPORT Foreword 4 Fresh wind for the next big step 5 Redefining the cost debate the Concept of Society s Cost of Electricity 6A Renewable Energy future

3 10 The GLOBAL Status of Wind Power in 2013 16 Market Forecast for 2014 2018 26 Australia 32 Belgium 34 Brazil 36 Canada 38 Central and South America & The Caribbean

4 40PR China 42 Denmark 46 The European Union 48 France 50 Germany 52 GLOBAL offshore 54 India 58

5 Japan 60 Mexico 62 Poland 64 South Africa 66 Sweden 68 Turkey 70 Ukraine 72 United Kingdom

6 74 United States 76 About GWEC 78 TABLE OF CONTENTS4 GWEC GLOBAL Wind 2013 REPORT FOREWORDFor the first time in more than 20 years, the annual GLOBAL market for wind energy shrank in 2013 We knew that this was likely to be the case when we did our forecast for 2013 one year ago, but we didn t expect the drop in the United States to be as dramatic as it was going from 13 GW in 2012 to just 1 GW in 2013 China once again emerged as the GLOBAL leader, installing 16 GW, and European numbers were steady, resulting in a GLOBAL market of just over 35 GW.

7 And cumulative market growth of 12 5% As has been the case for three of the past four years, the majority of installations were outside the OECD, and this is a trend which will continue to intensify with the emergence of significant markets in Latin America and Africa along with those in Asia which currently drive GLOBAL growth Ironically, partly because of the precipitous drop in the US in 2013, 2014 promises to be a record year The US had an all-time high of more than 12,000 MW under construction in December of 2013, and the nature of last year s PTC extension means that not only 2014 but 2015 will be solid and productive years for US installations as a result But what comes next?

8 There are proposals before Congress now which would end the destructive boom-bust cycle in the US - let s hope they succeed China s market continues its comeback , driven at least in part by public anger at the choking smog engulfing China s major cities; and the offshore segment in China is expected to take off in the next year or two Brazil will most likely double its total installed capacity in 2014, and nearly do so again in 2015; and the South African market is finally out of the starting blocks Canada had a record year in 2013 and will likely set a new one in 2014, although the prospects after 2015 are also very uncertain Europe remains mired in a debate about its support for renewable energy after 2020, and policy retrenchments in a number of countries have meant that although Europe s market posted strong numbers in 2013.

9 Future growth now hinges on the debate over whether or not to have binding national targets for renewable for the period from 2020 to 2030 Installing just over 12 GW, the market was concentrated in a smaller number of countries, with Germany and the UK comprising just under 50% of the total, reversing the diversification trend of recent years, which is not a good sign The Indian market is likewise in a state of uncertainty, with erratic policymaking from Delhi, although it is hoped that the elections in May will help get that market back on track So, for 2014 and beyond we can look for most of the growth in the GLOBAL market to come from both new and established markets outsi