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Global Wind Power Report 2010 - 2nd Edition April 2011

Global Wind Power Report 2010 - 2nd Edition April 2011

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Published by Pablo Chan
A review of the global wind energy business.
A review of the global wind energy business.

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Published by: Pablo Chan on Apr 23, 2011
Copyright:Attribution Non-commercial

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06/05/2012

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Annual market update
2010
GlobalWindRepoRt
 
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 aout 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 the010 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 reound in the gloal market and orthe period out to 015. There has een a massive intake oorders y major manuacturers in 010 which will maniestitsel 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 Arica will egin to seriously fex theirmuscles or the rst time.Pulic nance continues to play a stronger role in thenancing o wind projects, and we see that as a permanentshit in the nancing pattern or our industry. While we arehoping or a strong return o the commercial anks to thesector, that will no dout take a lot longer than wasthought last year. Fortunately, pulic nance institutionsseem to have taken up the slack with some gusto, welleyond the stimulus unds put orward during the worst othe recession in 009.We are still waiting or a resolution to the gloal deate onclimate change and we are still waiting or any signs o aclear pathway towards a gloal price on caron. 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 Duran this yearthan they were or Cancun, ut ew oservers expect nalresolutions to the undamental unresolved issues.We expect that y the time this report is printed gloalinstalled capacity will have reached 00 GW. We estimatethat this will doule again within three to our years,keeping open the option to reach GWEC’s aspirational goalo 1,000 GW o installed capacity y 00.This is the sixth annual report on the status o the gloalwind industry y the Gloal Wind Energy Council. Itprovides a comprehensive snapshot o this gloal industry,now present in aout 80 countries. The data and countryproles or this report have een collected through GWEC’smemer associations and companies around the world, aswell as rom other analysts and government contacts. Wethank our contriutors and look orward to continued closecooperation or uture editions. 
 April 2011
Sv Swyr
Secretary GeneralGloal Wind Energy Council
Kus Rv
ChairmanGloal Wind Energy Council
 Frwr

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