Wind Energy could hit 2000GW by 2030 - 22nd October
The Global Wind Energy Outlook also states that the sector could create more than two million new jobs worldwide and slash CO2 emissions by more than three billion tonnes per year.
Researchers add that by 2050, wind could provide 25% to 30% of global electricity supply.
"Wind power has become the least cost option when adding new capacity to the grid in an increasing number of markets and prices continue to fall," said GWEC chief executive Steve Sawyer.
"Given the urgency to cut down CO2 emissions and continued reliance on imported fossil fuels, wind power's pivotal role in the world's future energy supply is assured."
The report presents three visions of the global wind energy industry out to 2020, 2030 and 2050. The scenarios compare the International Energy Agency's central scenario from its World Energy Outlook with a 'Moderate' and 'Advanced' scenario.
Wind energy installations totalled 318GW globally by the end of 2013 and the industry is set to grow by another 45GW in 2014.
The full Global Wind Energy Outlook Report can be found HERE.
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