The Global Wind Market Update – H2 2016 Briefing updates FTI Intelligence’s Global Wind Market Update – Demand & Supply 2015 report, which was released in March 2016. Throughout the briefing, FTI Intelligence compares its previous forecasts (through 2025) from the report against the new and current forecasts to highlight the changes made.

At this time, FTI Intelligence is a little less optimistic than it was in Q1 2016. Global total addition between 2016 and 2025 is now estimated at 620 GW, a 1.1% decrease over Q1 projections. However, the picture is different when the next ten-year forecast is broken out into the short term (2016-2020) and the medium term (2021-2025). Estimated new wind power installations have increased over the short term to 306 GW, a 3.0% increase compared with Q1 projections, but over the medium term, the forecast has been downgraded by 4.8% to 315 GW, primarily due to the uncertainty in the US, Brazil and a few key European markets such as the UK and Poland. Similar to last year, this briefing includes a review of firm wind turbine orders publicly disclosed in H1 2016 and an overview of key M&A that have taken place in the wind industry in the past three quarters.

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