25 May '11, 6pm

World Wind Outlook: Down But Not Out

World Wind Outlook: Down But Not Out

Despite this impressive increase, investment in new turbines in fact saw a decline in many parts of the world. For the first time in more than two decades the turbine market fell against the previous year to 37,642 MW in 2010, down from 2009's 38,312 MW. Global turnover for the sector reached €40 billion (US$55 billion) in 2010, down 20 percent on the €50 billion ($70 billion) in 2009. This decrease was largely due to lower prices for wind turbines . China accounted for more than half of the world wind energy market in 2010. If China were excluded, the offshore sector would in fact have shrunk by one third from 24,512 MW to just 18,714 MW. Still, installed wind capacity has more than doubled every third year, a trend which continues even in the face of the downturn. Last year a total of 83 countries, one more than in 2009, used wind for electricity generation and 52 countr...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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