Wind Power Slowing Down

by William Yeatman on March 30, 2004

in Blog

Danish wind power consultancy BTM predicts that the huge recent growth in the global wind power market will slow to an expansion of 10 percent per year over the next five years (Reuters, Mar. 19). That figure is less than half the average growth of 26.3 percent seen over the period 1998-2003.

A record 8,344 MW of wind power generation was installed in 2003, but the figure this year is expected to be down by 4 percent. The total installation worldwide is now over 40,000 MW, enough to power 16 million European homes. Europe continues to account for two-thirds of installed megawattage.

BTM expects wind power to take off again after 2008, with new installations then exceeding 25,000 MW per year, taking the total industry to 194,000 MW. This is largely dependent on large scale offshore developments in Germany and Britain after 2007.

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