China gobbles up an astonishing 48.4% of new wind power capacity in 2015

USA and Germany comes at a far second and third.

There are 300,000 turbines in the world right now which produce 432GW of energy at the end of 2015. 30,000 of which are new installations with 63GW capacity and supplies 4% of world electricity demand.

"The installation record of 63GW was 22% greater than our forecast mainly due to the astonishing growth in China," Yoshinori Ueda, general manager, Japan Wind Power Association said in a talk at the World Smart Energy Week 2016. "The dip in installations in 2019 is primarily due to the slow down of installation in the US as the PTC was further reduced. The annual wind power installations are likely to grow from 55GW in 2019 to almost 72GW in 2024," Ueno further explained.

The new installations have increased two to three-fold, and it is expected double or triple further in the next five years.

Leading countries in the wind power market are China, USA, and Germany. Wind power-hungry China gobbled up a whopping 48.4% of the new wind power capacity in 2015 and left seconder USA with a measly 13.6% share.

The World Smart Energy Week is happening from today until March 4, 2016 at Tokyo, Japan. The event gathers renowned experts of the smart and renewable energy business fields from across Japan and the world who will share the latest technology and industry trends.

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