China is set to lead the global wind power capacity market, which is expected to more than double by the end of the decade, a new report claims.
Wind power capacity will rise from 319.6GW at the end of last year to 678.5GW by 2020, according to research and consulting firm GlobalData.
Its report claims China, which was responsible for nearly half (45%) of the world’s total yearly wind add-ons in 2013, is expected to have a wind capacity of 239.7GW by the end of the decade.
The nation overtook the US as the leading market in 2010, the year it added a huge 18.9GW worth of wind.
Harshavardhan Reddy Nagatham, GlobalData’s Analyst for Alternative Energy said: “China doubled its cumulative wind capacity every year from 2006 to 2009 and has continued to grow significantly since then.
“Supportive government policies, such as an attractive concessional programme and the availability of low-cost financing from banks, have been fundamental to China’s success.”