GLOBAL DISTRIBUTED WIND BOOM BUILDING

Small and Medium Wind Power; Demand Drivers, Market Barriers, Technology Issues, Competitive Landscape, and Global Market Forecasts

4Q 2014 (Navigant Research)

“The overall market for small and medium wind turbines (SMWTs) is growing as a result of feed-in tariff policies in the United Kingdom and growing global demand for distributed generation…China and Italy remain important markets while the U.S. SMWT market has been limited due to a reduction in state-level incentives and competition from solar PV systems that have declined in price dramatically. Momentum is growing, however, around the wind lease model that has enabled the distributed solar PV market to scale…[The 30-year-old SMWT market is maturing and] an increasing number of applications are being enabled by the interest and investment in microgrids and hybrid systems that that integrate small wind with solar PV and diesel generators, among other renewable distributed energy generation technologies (RDEG). According to Navigant Research, global annual installations of SMWTs are expected to grow from an estimated 254.9 MW in 2014 to 587.7 MW in 2023…” click here for more

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