010 was a tough year or our industry, and althoughcumulative market growth was still a healthy 4.1 %, theannual market decreased or the rst time in aout twodecades. The medium term consequences o the nancialcrisis and the economic slowdown nally took their toll,and very low orders in OECD countries at the end o 008and the eginning o 009 made themselves elt in the010 installation totals, particularly in the United States.Having said that, 38.3 GW o new wind power capacity wasadded around the world last year, and or the rst time themajority o that new capacity was in developing countriesand emerging economies; driven mainly y the oomingwind sectors in China and India, ut also with stronggrowth in Latin America, where we elieve we are on thecusp o the wind energy oom in that wind resource-richregion which we have een waiting or and expecting or somany years.We look orward to a reound in the gloal market and orthe period out to 015. There has een a massive intake oorders y major manuacturers in 010 which will maniestitsel in the 011 and 01 installation gures, driven ycontinued strong growth in Asia, a recovery in NorthAmerica, and steady growth in Europe. Also, new markets inLatin America and Arica will egin to seriously fex theirmuscles or the rst time.Pulic nance continues to play a stronger role in thenancing o wind projects, and we see that as a permanentshit in the nancing pattern or our industry. While we arehoping or a strong return o the commercial anks to thesector, that will no dout take a lot longer than wasthought last year. Fortunately, pulic nance institutionsseem to have taken up the slack with some gusto, welleyond the stimulus unds put orward during the worst othe recession in 009.We are still waiting or a resolution to the gloal deate onclimate change and we are still waiting or any signs o aclear pathway towards a gloal price on caron. I the paceo the international climate negotiations during 010 is anyindication, we are going to have to continue to wait orsome time. Hopes are higher or COP17 in Duran this yearthan they were or Cancun, ut ew oservers expect nalresolutions to the undamental unresolved issues.We expect that y the time this report is printed gloalinstalled capacity will have reached 00 GW. We estimatethat this will doule again within three to our years,keeping open the option to reach GWEC’s aspirational goalo 1,000 GW o installed capacity y 00.This is the sixth annual report on the status o the gloalwind industry y the Gloal Wind Energy Council. Itprovides a comprehensive snapshot o this gloal industry,now present in aout 80 countries. The data and countryproles or this report have een collected through GWEC’smemer associations and companies around the world, aswell as rom other analysts and government contacts. Wethank our contriutors and look orward to continued closecooperation or uture editions.
Secretary GeneralGloal Wind Energy Council
ChairmanGloal Wind Energy Council