Global wind power market declines 20% in 2013, says Navigant Research

Driven by government incentives and by falling prices of electricity generated by wind turbines, the global wind industry expanded steadily, and dramatically, from 2004-2012. In 2013, however, negative conditions in several key countries, particularly the US and Spain, were unconducive to the continued growth of the market. According to a new report from Navigant Research/BTM Consult, worldwide wind power installations reached 36.13GW in 2013 - a 20% decline from 2012.



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