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China WindPower Group Ltd, Iberdrola SA and Duke Energy Corp will lead development of an estimated $65 billion of wind-power plants this year that let utilities reduce their reliance on fossil fuels.

The estimate from Bloomberg New Energy Finance assumes a 9 percent increase in global installations of wind turbines this year, adding as much as 41 gigawatts of generation capacity. That's the equivalent of 34 new nuclear power stations.

China WindPower greennumbers iberdrola duke energy wind power