Wind, solar power capacity in 27
nations to quadruple by 2020
Jan 14, 2009 - Asia Pulse Data Source
The capacity to generate electricity through wind
and solar power systems in 27 nations, excluding Japan,
will increase four- to fivefold from 2008 to 2020,
according to a report released Tuesday by research
firm Fuji Keizai Co.
The report says tax breaks and government procurements
of power at higher prices will spur market growth,
particularly in the U.S. and China, replacing Europe
as the driving force for alternative-energy expansions.
The combined wind power generation capacity will reach
471 million kilowatts in 2020, up 330 per cent from
The combined capacity for solar power generation
will come to 48.7 million kilowatts, an increase of
380 per cent, with geothermal power production seen
rising 190 per cent. The total electrical output from
biomass in 12 nations is forecast to jump 150 per
U.S. President-elect Barack Obama is expected to
announce plans to promote power generation using renewable
energy. The report says U.S. windmill capacity will
rise 510 per cent by 2020, and China will experience
460 per cent growth for wind power systems and a 12-fold
increase for solar power technology. Germany will
see slightly more than 100 per cent increases for
both wind and solar power systems.
The figures are based on a survey of 14 European
nations, eight Asian countries, the U.S., Brazil and
others. Japan was not included in the study.