| Forecast: Wind Energy |
Wind energy is the leading source of renewable electricity. It is fast becoming an international business sector, spreading beyond its original markets in a few European countries, India and the United States. The major manufacturers and project developers now operate across all five continents.
Whilst the underlying motivation, is wind power being one of the leading carbon-free generation technologies, there are also other economic bonuses. Even without its clean credentials, wind power – unaffected by fuel price rises – presents an important opportunity to diversify from potentially volatile sources. |
| The Global Wind Power Industry |
- Employs around 200,000 people
- Has an annual turnover of more than US$ 23 Billion
- Has been growing at an annual rate of more than 28% for the last 10 years
- Meet the electricity needs of more than 25 million households
- Is concentrated in Europe, which accounts for 65% of total capacity and most of the major turbine
- Over 100,000 wind turbines installed in 70 countries
- Over 74,000 MW of installed capacity
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