India Snatches Spain’s Fourth Place In Global Wind Energy Rankings

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India has snatched away from Spain the fourth place in the global ranking of countries with the greatest installed wind energy capacity, after adding 2,623 MW over the year to reach 22,088 MW. With this figure, the Asian country’s capacity exceeds Spain’s 22,988 MW, becoming fourth in the world for wind energy installations after China, the US and Germany.

In fact China has overtaken Europe as the world leader in installed wind energy capacity, after adding 30,500 MW in 2015, more than the current capacity available in the whole of Spain. This new capacity means that China now has 145,100 MW in place compared with Europe’s 141,600 MW.

There were 63,013 MW of wind power capacity added around the world in 2015, boosting the total accumulated capacity by 17% to 432,419 MW. According to ACF analysts, Spain’s wind energy capacity saw a big increase in a short space of time thanks to the fact its learning curve was paid for by costly regulation, which has not been the case in other countries.

 

 

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.