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

Despite Financial Crisis, Renewables Surged Forward in 2010

It seems that 2010 was yet another record year for wind power, which was propelled to a global installed total of 200 GW by 39.4 GW of new capacity over the year - an impressive rise of about 25 percent in total installations, even if this annual figure for new installations edged up by only three percent from 2009.

The latest World Wind Market Update from BTM, now part of Navigant Consulting, found that Chinese turbine manufacturers have made further gains in their home market, squeezing foreign-owned manufacturers by 3.5 percentage points down to a 10.5 percent market share in 2010. China's Sinovel is now ranked as the world's second largest wind turbine manufacturer behind Vestas. Sinovel's new installed wind power capacity grew from 3510 MW in 2009 to 4386 MW in 2010, with its global market share up from 9.2 percent to 11.1 percent, according to BTM.

Global investment in renewable power and fuels has apparently defied the global economic crisis to set a new record in 2010, according to a new analysis commissioned by the UN Environment Programme. Indeed, investment hit $211 billion, up 32 percent from 2009's $160 billion.

As in the wind sector, nations beyond the traditional stronghold of Europe and America are emerging as increasingly important players on the global stage. In terms of investment, the developing world has now overtaken the richer countries for the first time. What's more, the continuing shift in the balance of power in renewable energy towards developing countries is no longer a story of China alone.

In the PV sector, the strong growth of the past five years - at a compound annual rate of 65 percent - is not due to luck, or to a recognition that a switch to renewables is imperative. Rather, the trend reflects decades of development in technology, markets and business strategy. In 2010, the industry reached multi-gigawatt scale in terms of annual growth and cumulative capacity and, again, much of this progress has emerged from developing nations.

The renewables sector as a whole is unquestionably buoyant, despite the repercussions of the financial crisis. Yet it must also be recognised that unpredictable policies on financial support are still affecting some markets for renewable energy. Investment decisions have increasingly been focused on those sectors where better margins can be achieved.

The traditional leading markets of Europe and the U.S. can only expect fiercer competition, not just in terms of technology and its development, but also in attracting the continued investment necessary to achieve their clean energy policy goals. Ultimately, policymakers must put in place stable, long-term measures if growth is to be maintained across all the world's diverse renewable energy markets.

Untitled Document


Fresh blow for wind power in Australia

Diarmaid Williams

Another blow has been dealt to the wind power industry in Australia with the news that a Senate committee has advocated new limits to the subsidization of the technology.

World Moves Toward 100 Percent Renewable Energy – First Electricity, Then Heating/Cooling, and Finally Transportation

Junko Movellan, Correspondent The exclusive use of energy from renewable resources in at least one sector has now become a feasible goal for 8 countries. Diane Moss, Founding Director of Renewables 100 Policy Institute, discussed this remarkable develop...

How Wind Turbines are Becoming Photocopiers – and the Cost to Investors

Guy Auger, Greensolver We all know that the wind turbine market in Europe is an oligopoly. Power resides in the hands of very few players — and, in the offshore space, just five manufacturers (OEMs) account for 100 percent of the turbines that we...

Siemens receives onshore wind orders for UK and Ireland

Diarmaid Williams

Siemens Wind Power and Renewables Division has been awarded orders, which when in place, will be capable of delivering power to over 100,000 households across Britain and Ireland.


Volume 18, Issue 4


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


Tweet the Editors! @megcichon @jennrunyon



Doing Business in South Africa – in partnership with GWEC, the Glob...

Wind Energy in South Africa has been expanding dramatically, growing fro...

Grid-connected and Off-grid Photovoltaics

This training covers all aspects of planning, installation, maintenance,...

5th Annual Hydro Plant Maintenance

Join maintenance professionals to discuss the challenges in maintenance ...


Prevailing At A Premium

As efficiency sales professionals, we’re often faced with situatio...

Do Your Goals Match Your Values?

Before you set goals for your company or your personal work performance ...

LSX rises with sustainable wine making in Mexico

his custom LSX solar canopy shades the upper deck organic gard...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now