Annual global installations of small wind turbines will double over the next five years, going from 86MW in 2012 up to 172MW in 2018, representing $3.3bn in revenues, says a new report from Navigant Research.
According to the report, the market for small wind turbines is growing as a result of feed-in tariffs, particularly in the UK and Italy. Although the US wind market has ‘a few bright spots,’ manufacturers are still trying to regain momentum after rebates and other incentive programmes stalled.
According to the report, the market for small wind turbines is growing as a result of feed-in tariffs, particularly in the UK and Italy. Although the US wind market has ‘a few bright spots,’ manufacturers are still trying to regain momentum after rebates and other incentive programmes stalled.
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