in News Departments > New & Noteworthy
print the content item

The global wind energy markets have seen another record year in 2007, with 20 GW of new installations, according to the Global Wind Energy Council (GWEC). Installations were up by 30% compared to the new installations in 2006, while the sum of the world's total installations had increased by 27% to reach over 94 GW by the end of 2007, according to GWEC.

"Emissions-free wind power can be brought online quickly, and must play a major role in meeting climate protection targets," says Steve Sawyer, secretary general of GWEC. "This is especially the case in the critical period between now and 2020, when greenhouse gas emissions must peak and begin to decline if we are to avoid the worst impacts of climate change."

In terms of economic value, the global wind market is estimated to be worth about $36 billion annually in new generating equipment. New developments in 2007 have seen the U.S. continuing to lead as the biggest annual market, with 5.2 GW of new installations, followed by Spain and China, which added 3.5 GW and 3.4 GW, respectively, to their total capacity.

According to GWEC, total wind power generating capacity in the U.S. was expanded by 45% in a single calendar year, injecting an investment of over $9 billion into the nation's economy. With the total installed capacity in the U.S. now standing at 16.8 GW, it can be expected that the U.S. will overtake Germany as the largest market for wind energy by the end of 2009, provided that growth continues at the current rate, according to GWEC.


Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Canwea_id1984
Renewable NRG_id1934