Fastest Growth in Wind Power Will Occur in Emerging Markets

Several factors, including austerity measures implemented in a number of European economies and boom-and-bust cycles in the United States caused by fluctuating policy on production tax credits, are combining to limit the growth of wind power markets across much of the developed world in the coming years.
At the same time, demand for wind power in Africa and the former Soviet Union is growing.

According to a new report from Navigant Research, while many established markets are experiencing flat or single-digit growth rates, the average compound annual growth rate for 10 selected emerging wind markets in Africa and the former Soviet Union from 2013 to 2023 will be 21.9 percent.