¡°According to our forecast, wind power will continue to grow rapidly, at an average rate of 18% per year up to 2010,¡± said Arthouros Zervos, Chairman of GWEC. ¡°This will take the total installed capacity up to 134.8 GW worldwide by 2010, reaching 17.8 GW of new installations in 2010.¡±

¡°The message from the Global Wind 2005 Report is clear. Wind energy has become a global business and it is rapidly developing into a mainstream power source in developing and developed countries. It a vital technology for responding to the key energy challenges of our time: security of supply, secure growth, climate change, increasing energy demand and volatile fossil fuel prices,¡± said Thorbjørn Rasmussen, Vice-Chairman of GWEC and President, Vestas Asia Pacific.

The GWEC forecast predicts that Europe will continue to be the most important market, but with smaller share than in the past. In 2005, Europe only accounted to 55% of the global market, down from 72% in the previous year, and this trend will be further accentuated up to 2010. The total installed capacity in Europe should reach 77.6 GW by 2010, representing 57% of the total global capacity.

The offshore market is only expected to take off on a large scale towards the end of the decade. However, this will give new momentum to European developments after 2010.

The American market is predicted to have the strongest growth rate of around 24% in the future, growing from the current 9.8 GW to 29.1 GW of installed capacity by 2010. The US market will be the most important national market during this period.

The Asian market will also gain considerable market share with a predicted average annual growth rate of 23.5% up to 2010, taking the total capacity up to 20.1 GW from 7.0 GW in 2005. India will continue to lead the continent, followed by China and Japan. South Korea and Taiwan will also emerge as serious players.

The market in Latin America has not taken off yet, but growth is expected in Brazil and Mexico in the coming years. However, Latin America is only expected to develop its full potential in the decade after 2010. Australia and New Zealand are also expected to continue growing at a healthy rate despite some political uncertainties. Africa will remain the continent with the smallest wind development, although growth is expected to continue in Egypt and Morocco.

The Global Wind 2005 Report is the first in a series of annual reports by GWEC on the status of the global wind energy markets.

¡°The report outlinies the industry¡¯s perspective on the development of wind energy around the world,¡± said Angelika Pullen, GWEC Policy & Communication Director. ¡°GWEC¡¯s broad geographical membership has greatly helped us gather accurate market data and accounts of developments in individual countries in which wind energy has already become a mainstream power source or is expected to do so in the near future.¡±
source:http://www.gwec.net/index.php?id=30&no_cache=1&tx_ttnews[tt_news]=24&tx_ttnews[backPid]=4&cHash=9844c705c8
tag:China energy