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WWEA: Wind power capacity to reach 500,000 MW by 2016

World Wind Energy Association global wind capacity 500,000 MW by 2016 World Wind Energy Report Production Tax credit

The World Wind Energy Association expects global wind power capacity to reach 500,000 MW by 2016 and that total global wind power capacity of around 1 million MW is possible by the year 2020, according to its World Wind Energy Report 2013. The report stated the global wind capacity reached 282,275 in 2012.

The recently released report stated that 44,609 MW of wind power was added globally in 2012, the highest amount ever added in one year, although the 19.2 percent growth rate was the lowest rate in more than a decade.

The report also states that the U.S. market became the world’s largest market for new wind turbines, adding 13 GW of capacity in 2012. Part of that growth was likely related to a Production Tax Credit, which was set to expire at the end of 2012 but was extended until the end of 2013.

The WWEA also noted an increase in offshore wind capacity, which great to 1.9 percent of total wind capacity in 2012 from 1.5 percent in 2011.

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