SinodosChemistry

Wind energy market has astonished investors by exhibiting huge increases in the last years. US almost doubled their installed power and the increases are expected to continue since required legislation for stability issues has finally been passed. This stability period is a great opportunity for US organizations to aggressively move towards clean energy and emissions free energy faster than other regions of the world. China’s performance has been unpredicted due to the financial slowing down that markets were aware of. However China installed 23GW in 2014 and 30GW in 2015, showing their commitment to emission free energy generation. Financial slowdown is continuing in 2016, but a continuous though smaller increase should be anticipated for China for the next few years.

Saudi Arabia’s ‘Vision 2030’ plan aims at a combined solar and wind installed energy of 9.5 GW. Europe has reached 128.8 GW of installed energy since 2014 and by today more than 10% of electricity demands can be covered by wind energy. Denmark reported this year record energy generation that covered more than 140% of their energy needs for some days. In UK, 6 GW are installed in the beginning of 2016 and 10 GW are expected to be reached by 2020, covering 8-10% of their electricity needs. Although UK continues to be the leader in installed wind energy power, Germany is expanding in tremendous rhythm, reaching 2.28 GW installed only in 2014, in comparison to 0.556 GW of UK installed power [as planned]. Germany is expected to be the European leader in installed wind energy by 2020, if not earlier. Europe’s third largest power was the Netherlands, which continue their wind power installation race in 2016. In Latin America, Brazil exhibited the highest increases in installed wind power.