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45 40 35 30 25 20 15 10 5 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Solar PV Wind FIGURE 3.2: GLOBAL ANNUAL NEW INSTALLED CAPACITY OF SOLAR PV AND WIND, 2000-2011 SOURCE: EPIA, 2011; EPIA, 2012; AND GWEC, 2012. The global wind power market was essentially flat in 2009 and 2010 as high wind turbine prices and economic uncertainty slowed growth, but in 2011 40.6 GW of new capacity was added, up from 38.8 in 2010 (Figure 3.3). This represents an investment of USD 68 billion in new capacity in 2011 (GWEC, 2012). Onshore wind still dominates new capacity additions and accounted for around 98% of all new capacity in 2011. However, the offshore wind market is growing rapidly, with around 0.9 GW added in 2011 (GWEC, 2012). The total global installed capacity of offshore wind reached 4.1 GW at the end of 2011. China accounted for 43% of global wind power installations in 2011, installing 17.6 GW. In 2011, the European market added around 10 GW of new capacity, while in the United States new capacity additions rebounded from their lower levels in 2010 to add 8.1 GW in 2011. New markets are emerging and, although starting from a low base, are seeing rapid increases in annual installed capacity. For instance, annual new capacity additions in Latin America and the Caribbean were 120% higher in 2011 than in 2010. CSP is growing from a small installed base, but new capacity of 460 MW was installed in 2011, increasing cumulative installed capacity by 34%. Total installed capacity at the end of 2011 reached 1 760 MW and by October 2012 was around 2 400 MW. Most of this is concentrated in Spain and the United States, but an increasing number of countries are investing in CSP, including the United Arab Emirates, China, India, Italy, Algeria, Morocco and Australia. The capacity of biomass‐fired power generation is estimated to have reached around 72 GW at the end of 2011, with around 5.9 GW added in 2011. Renewable Power Generation Costs in 2012: An Overview 27 New capacity added per year (GW)PDF Image | International Renewable Energy Agency
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