19 Aug '11, 3pm

Wind Turbine Purchases To Double by 2025

Despite the current economic turmoil, the global trend towards greater renewable energy deployment points to a sustained period of wind turbine investment, with equipment purchases expected to more than double by 2025, according to IHS Emerging Energy Research. 2011 investment levels will fall below their historic 2008 high, but investments will increase from $30 billion in 2010 to more than $68 billion in 2025, the report predicts. Worldwide, installed wind capacity will rise from the current 188 GW to over 940 GW through 2025, they say. Investment levels will return to 2008 highs of $34 billion a year by 2012, the study finds. Slower than expected economic recovery in the US, a plateau in European demand, and continued pricing pressure globally are among the reasons investments will remain below 2008 levels in the short term. IHS expects the amount of installed wind capa...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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