Wind Power 2005 in Review, Outlook for 2006 and Beyond

The North American wind power market is at last entering a period of sustained growth. Both the US and Canada achieved record installations of wind power projects in 2005, and both are poised for steady growth moving forward. And coupled with this growth a new competitive element has emerged that will further define the North American market in the years to come: turbine supply leverage.

North American wind power is expected to see a more than fourfold increase in wind power plants in operation by 2010. The US is expected to grow from just over 6,700 MW to over 28,000 MW by 2010. Starting from a lower base of nearly 450 MW in 2004, Canada’s wind power base will grow even more quickly to over 6,200 MW by 2010.

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