Wind becomes increasingly competitive with conventional fuels

By Michelle Froese The global wind power market had yet another record-breaking year. By end of 2016, more than 54 GW of new installed capacity was added, bringing the global cumulative capacity to about 487 GW.
The global wind power market is driven by national governments’ push to improve energy security, and in particular, to reduce coal consumption due to growing concerns about climate change and air pollution. The global wind power market has achieved exceptionally high growth rates over the past few years. More than half of the world’s wind power capacity has been added over the past five years.
By the end of

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