America's wind installations grew six-fold in 2014
America's wind installations grew six-fold in 2014, making the United States the world's second-largest wind market behind China, according to new figures out today from research firm Bloomberg New Energy Finance.
US installations reached 4.7GW, thanks to the extension of the Production Tax Credit in January 2013. The extension allowed projects to qualify by starting construction before the deadline.
While the US returned to growth, China continued its pattern of record-setting installations up 38% from 2013. In 2014, China installed 20.7GW – over four times more than the US – and more than 40% of all new capacity worldwide. For perspective, China has been the world's largest wind market for six years, since overtaking the US. China now has 96GW of grid-connected wind energy capacity, or more capacity than the entire power fleet of the United Kingdom. Wind energy is the country's third-largest power source behind coal and hydropower, and ahead of nuclear.
While the US returned to growth, China continued its pattern of record-setting installations up 38% from 2013. In 2014, China installed 20.7GW – over four times more than the US – and more than 40% of all new capacity worldwide. For perspective, China has been the world's largest wind market for six years, since overtaking the US. China now has 96GW of grid-connected wind energy capacity, or more capacity than the entire power fleet of the United Kingdom. Wind energy is the country's third-largest power source behind coal and hydropower, and ahead of nuclear.
China's banner year was the result of a policy-driven rush to build, as onshore tariffs are expected to lower this year. The top five Chinese turbine manufacturers Goldwind, Guodian United Power, Envision, Ming Yang, and Sewind led the market with a combined 12.4GW, or 60% of total installed capacity.
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