Global wind energy capacity seen tripling by 2014

Tue Mar 7, 10:10 AM ET

The global wind energy industry is expected to enjoy continued strong growth in coming years with total installed capacity seen more than tripling from current levels by 2014, an industry survey showed on Tuesday.

Over the next eight years, international installed capacity is expected to increase to about 210,000 megawatts from today's installed total of about 59,000 megawatts, a study by the German Wind Energy Institute (DEWI) showed.

The study, conducted on behalf of Hamburg Messe in the run-up to an industry fair in May, identified Germany, France, Spain and the United States as key future markets.

"The international wind energy market, which showed growth rates in 2005 of 16 percent in Europe, and as much as 73 percent outside of Europe, will continue to boom," the report said.