Natural Power – the Stirlng based renewable energy developer – has forecast that combined installed capacity for on- and offshore wind power in the UK will grow by more than 10% every year for next five years.
With a cumulative CAGR of +11% each year until 2020, that would result in 24GW, or almost 66m MWh of electricity generated which is equivalent to powering 16 million homes.
The company made the 2020 forecast to celebrate its own 20th anniversary since it was set up in 1995.
Ted Leeming, Managing Director, said: “Over the past two decades, we have been at the forefront of many ground-breaking developments and continue to support our clients in the international delivery of their projects.
“During this time, we have seen our industry evolve to become an integral part of the energy and environmental mix, and we are very proud to have been a very small part of that.
“We have been involved with almost 1,500 renewable energy projects globally, we have been involved at some point with 50% of all onshore and offshore wind projects in the UK, and we now employ more than 300 people at 12 other locations around the world.”