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Wind power market development from the Windicator
1 October 2007
World wind power capacity has shot past 80 GW. With the sector's 24% growth rate showing little sign of abating as yet, the industry should pass 90 GW by January. Over 7.6 GW has been commissioned since the start of the year, almost exactly matching the volume of megawatts installed in the same period in 2006. It could be that component shortages are cramping the usual big leap in total new GW from year to year: the over 15 GW added in the past 12 months is barely more than for the same period a year ago. But with thousands of megawatts now being installed from month to month, the lag in our Windicator could be growing, giving a false impression. It will be another six months before the full picture for 2007 becomes clear. World capacity is still doubling every three and a half years, approximately.
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