Prospect of market collapse prompts wind turbine installations to slow down

The transition to tender-based bidding rounds could mean a market collapse, says World Wind Energy Association.

Photo: Westar Energy

Last year, 52,522 MW in wind turbines were installed globally. This brings total capacity up to 539,291 MW, reports World Wind Energy Association (WWEA) in a press release.

While it may sound impressive that all the installed turbines can cover 5 percent of total global electricity consumption – and last year it covered 43 percent of Denmark's consumption – there are now indications that a slowdown is on the way for the turbine market.

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