Emerging Markets

Asia is again predicted to drive the wind power industry which is expected to top 46-GW globally in 2012, according to a five-year industry forecast released this week by the Global Wind Energy Council (GWEC). The Brussels-based international trade association said in its annual market update report that by 2016 total global wind power capacity will be just under 500 GW, with an annual market in that year of about 60-GW. Overall, GWEC projects average annual market growth rates of about 8 percent for the next five years, but with a strong 2012 and a substantial dip in 2013.