The World's #1 Renewable Energy Network for News, Information, and Companies.

BTM Forecasts 340-GW of Wind Energy by 2013

BTM Consult has released its 14th annual update on the status of the international wind power industry. According to the reports, 2008 saw the highest ever level of wind turbine installations. With 28,190 megawatts (MW) of new capacity installed, the growth rate was 42% compared with 2007, resulting in a cumulative worldwide total of 122,000 MW.

Although it will be impacted by the current economic crisis in 2009 and 2010, the future looks bright for the wind power industry, BTM said. The report’s five year forecast up to 2013 projects significant growth. Over the past five years the average growth in annual new installations has been 27.6 % per year. In the forecast up to 2013 an average annual growth rate of 15.7 % per year is expected. More than 200 GW of new wind power capacity could come on line before the end of 2013.

The report also lists the top ten wind turbine suppliers in the world, this group accounted for close to 85% of total global supply in 2008. Two Chinese manufacturers, Sinovel and Goldwind, joined the top ten, and Sinovel increased its market share. Vestas and GE Energy are the market leaders, with 19.8% and 18.6% of the world supply market respectively. Another Chinese manufacturer, Dongfang, has joined the group of five suppliers just outside the top ten.

The annual installation of wind power capacity will grow from today’s 28,190 MW to around 58,500 MW per year in 2013. Cumulative capacity by the end of 2013 will reach around 343 GW. The report’s forecast indicates that the penetration of wind power into the global electricity system has already reached a contribution of 1.3%. It is expected to reach 3.35 % by 2013 and 8 % by 2018.

For more information about the full report, click here.

RELATED ARTICLES

Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Microgrids

Coast to Coast and Across the Electric System, Microgrids Provide Benefits to All

Dick Munson, Environmental Defense Fund At the most obvious level, microgrids could disrupt today’s utilities and their regulated-monopoly business model, because they challenge the centralized paradigm. In a nutshell, microgrids are localized power grids that ha...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Doing Business in Brazil – in partnership with GWEC, the Global Win...

Brazil is one of the most promising markets for wind energy.  Ranke...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

Wind Power Central America

Wind power projects are expected to reach 46GW of total installed capaci...

COMPANY BLOGS

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

Are You Ready for a Natural Disaster?

Guest post by Jenna Clarke  Living in the Shenandoah Valley of Virg...

Deadline for Inclusion in Solar Power World's Top Solar Contractors...

UPDATE: The official deadline for the Solar Power World T...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS