Global Wind Energy Markets Continue to Boom in 2006

around the world exceeded expectations in 2006, with the sector experiencing yet another record year. On the day of the publication of the 4th Assessment Report on Climate Change by the IPCC, the Global Wind Energy Council (GWEC) released its annual figures for 2006. These figures, which include wind energy developments in more than 70 countries around the world, show that the year saw the installation of 15,197 megawatts (MW), taking the total installed wind energy capacity to 74,223 MW, up from 59,091 MW in 2005.

Despite constraints facing supply chains for wind turbines, the annual market for wind continued to increase at the staggering rate of 32% following the 2005 record year, in which the market grew by 41%. This development shows that the global wind energy industry is responding fast to the challenge of manufacturing at the required level, and manages to deliver sustained growth.
In terms of economic value, the wind energy sector has now become firmly installed as one of the important players in the energy markets, with the total value of new generating equipment installed in 2006 reaching €18 billion, or US$23 billion.

The countries with the highest total installed capacity are Germany (20,621 MW), Spain (11,615 MW), the USA (11,603 MW), India (6,270 MW) and Denmark (3,136). Thirteen countries around the world can now be counted among those with over 1000 MW of wind capacity, with France and Canada reaching this threshold in 2006.

In terms of new installed capacity in 2006, the US continued to lead with 2,454 MW, followed by Germany (2,233 MW), India (1,840 MW), Spain (1,587 MW), China (1,347 MW) and France (810 MW). This development shows that new players such as France and China are gaining ground.

“The tremendous growth in 2006 shows that decision makers are starting to take seriously the benefits that wind energy development can bring. However, we must not forget that wind energy is a new technology that needs robust policy frameworks and political commitment to fulfill its full potential,” said Arthouros Zervos, Chairman of GWEC.

OilVoice