According to predictions from the German wind market players, the global market for wind energy is set to grow to 110,000 MW by 2010, up from the existing 40,000 MW. This growth would be equivalent to some EUR 130 billion. The upbeat forecast results from a survey by German Wind Energy Institute (DEWI) of turbine manufacturers and project developers. The WindEnergy Study 2004 finds that the five most important future markets are France, UK, Austria, Italy and the US. The future of the wind industry lies in creating markets beyond the traditional big three of Germany, Spain and Denmark, says Corin Millais of the European Wind Energy Association. "It has taken 25 years to build 40,000 MW, and will take less than ten years to add another 110,000 MW. This is further confirmation that Europe remains the engine of growth of the global wind power market in the coming decade." The study reveals that German companies are more optimistic about the German market today than they were in 2002 when the first WindEnergy study was conducted. The expected decline in German sales for 2003 was smaller than feared, and it remains the world's largest market. By 2010 they expect installed wind power of 22,600 MW onshore and 6700 offshore in the North Sea and Baltic Sea. This amount of capacity would meet 30% of German electricity demand. The study is timed as a primer for next month's WindEnergy trade fair in Hamburg.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol