Our final total for world wind capacity installed in 2004 crept up another 100 MW last month to land on 8140 MW, about 60 MW less than installed in 2003. It was not the drop that many had feared, but it was the first time in a long time the annual growth rate for global wind power fell, from 26% in 2003 to 21%. Europe, where 73% of capacity is installed, did not fair badly, putting 5795 MW online in 2004 compared with 5478 MW in 2003, but strong growth in Spain and Italy could not make up for the shrinking German market -- annual European growth was 20% compared with 23% a year earlier. North America only represents 15% of the global market so the dismal performance by the US last year, just 398 MW compared with 1687 MW in 2003, does not affect the global growth rate. The rest of the world, however, registered 45% growth, installing 1827 MW compared with 925 MW in 2003. Without that performance, the global slow down would have been more pronounced. For individual country percentages see our Annual Market Status issue (Windpower Monthly, March 2005).