After a slowdown in 2013, the wind industry set a new record for yearly installations in 2014, adding 51 477 MW of wind generating capacity globally, the Global Wind Energy Council (GWEC) has revealed.
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The record-setting figure, which brought total cumulative installations to 369 553 MW, represented a 44% year-on-year increase and was interpreted as a solid sign of the recovery of the industry following a subdued period of growth.
“Wind power is the most competitive way of adding new power generation capacity to the grid in a rapidly increasing number of markets around the world, even when competing against heavily subsidised incumbents.
“The cost stability of wind power makes it a very attractive option for utilities, independent power producers and companies who are looking for a hedge against the wildly fluctuating prices of fossil fuels," GWEC secretary-general Steve Sawyer said in a statement on Wednesday.
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Print Send to Friend
0 0
The record-setting figure, which brought total cumulative installations to 369 553 MW, represented a 44% year-on-year increase and was interpreted as a solid sign of the recovery of the industry following a subdued period of growth.
“Wind power is the most competitive way of adding new power generation capacity to the grid in a rapidly increasing number of markets around the world, even when competing against heavily subsidised incumbents.
“The cost stability of wind power makes it a very attractive option for utilities, independent power producers and companies who are looking for a hedge against the wildly fluctuating prices of fossil fuels," GWEC secretary-general Steve Sawyer said in a statement on Wednesday.
Read more......
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