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Of the available renewable energy sources, wind is the most established commercial generating technology with highly effective and reliable equipment and machinery. It has observed tremendous growth, with the total installed capacity augmenting from 23,900 MW in 2001 to over 121,013 MW in 2008, reflecting a CAGR of 26% for the 2001-08 period.
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The Global Wind Industry, Market Size and Growth
The current financial crisis is severely affecting the growth of wind energy globally. The global wind energy industry is witnessing many cancellations of turbine orders, freezing up and sale of wind farms, and difficulties in securing financial aid for new projects. According to GlobalData, the worldwide annual wind energy installations will trickle down by more than 15% in the years 2009 and 2010, as against the growth rate of 35% in the new installed capacity of 2008. This will further result in a dip in the demand for wind turbines.
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This latest wind power data and analysis was taken from the research report "Global Wind Power Market Analysis and Forecasts to 2020
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published by Global Markets Direct - for more information on this report,
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