Dive Summary:
- Wind generation is poised to claim market share from retiring coal fleets and marginal natural gas plants, according to Barclays Capital's report, "Global Energy Outlook: A Compelling Time to Invest."
- The potential expiration of a federal tax credit for wind at the end of the year is expected to create strong demand for wind projects in the second half of 2013.
- After a record-breaking 13 gigawatts (GW) of installed wind capacity in 2012, the industry got this year off to a slow start with no new capacity installed in the second quarter of 2013. Barclays analysts expect a similar amount of wind capacity to be installed this year, which is in stark contrast with the wind industry's predictions from earlier this year of only 2 or 3 GW of installed capacity for 2013.
From the article:
"...The forecast is much more optimistic than an assessment provided during the American Wind Energy Association's annual conference in Chicago in May."
