China took the global wind market to new heights in 2015, as it represented almost half of the new global wind installations, with a total annual wind capacity of 30.5GW, according to research and consulting firm GlobalData.
The company’s latest viewpoint, Chinese Wind Installations took the Global Wind Market to a Record Height in 2015, states that the next largest wind capacity installer in 2015 was the US, with 8.6GW, followed by Germany, Brazil and India, with 6.1GW, 2.6GW, and 2.6GW respectively. China is expected to maintain its leading position in 2016 with an annual installed capacity of 23GW, aided by a supportive regulatory scenario, low average turbine prices, and transmission infrastructure development. Most original equipment manufacturers witnessed an increase in service revenue in 2015 over 2014, as turbine maintenance continued to provide steady revenue. Companies such as Gamesa, Vestas and Nordex performed strongly in 2015 in terms of O&M revenues. China is well on track to meet and even exceed its future wind targets, with GlobalData recently projecting that the country would have a cumulative installed capacity of 495 GW by 2030.
