European Wind Report Touts Market Potential

Launched during WindEnergy 2004, a recent international trade fair for the wind power industry in Hamburg, Germany, the European Wind Energy Association (EWEA) released their strategic blueprint “WindForce 12” which details how wind power can supply 12% of the world’s electricity by 2020.

Hamburg, Germany – May 18, 2004 [] “Wind power is successful today, and with a stronger green light from Governments this success story can expand worldwide,” said EWEA CEO Corin Millais. “Wind power already installed throughout the world generates the equivalent electricity needs of 19 million European households. The wind industry can increase its sales tenfold by the year 2020, from the present euro 8 billion to euro 80 billion. If existing barriers such as grid access and administrative barriers are lifted, the wind industry is capable of delivering such global growth.” Through EWEA’s estimates, by 2020 wind power can deliver: – 12% of global electricity demand, equal to 3,000 TWh – Installation of 1,245,030 MW – An annual euro 80 billion business (US$95 billion) – 2.3 million jobs – Cumulative CO2 savings of 10,771 million tonnes – Cost reduction to 2.45 euro cents/kWh (US$ 2.94 cents) with installation costs of euro 512 / kW (US$ 615 / kW) Wind Force 12 is the global wind industry’s input to Governments’ representatives and experts who will meet in two weeks time in Bonn at the international conference ‘Renewables2004’ (June 1-4). “The conference will chart the way towards an expansion of renewable energies worldwide, responding to the call of the Johannesburg summit for the global development of renewable energy.” More than 3000 delegates and participants are expected to meet in Bonn, among them official governmental delegations including energy, environmental and development ministers, representatives of the United Nations and other international and non-governmental organizations, civil society and the private sector. “Think big, not in dribs and drabs,” said Greenpeace’s energy expert, Sven Teske. “In Germany offshore installations can treble the proportion of wind energy meeting global electricity demand, from five to fifteen per cent. These are opportunities we should not miss.” Professor Jose Goldemburg, Secretary of State for the Environment of the State of Sao Paulo, Brazil states in the Wind Force 12 foreword: “The energy choices the world makes in the next few years will determine our collective development path for many decades to come”. Economic measures have been introduced in some countries to encourage investment in renewable energy technology. In addition to such measures, a successful policy for promoting wind power should include regulation on grid access and streamlining of administrative procedures.
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