in News Departments > New & Noteworthy
print the content item

The results of the fourth WindEnergy Study, commissioned by HUSUM WindEnergy 2008 with the German Wind Energy Institute, take a positive view of further development of the worldwide wind energy market in the coming years. The world market volume of annual new installations is expected to be multiplied by five within 10 years, from about 20,000 MW in 2007 to about 107,000 MW in 2017.

As the survey of companies active in this international industry showed, there could be a total of some 718,000 MW of installed wind power worldwide by the end of 2017 compared with about 94,000 MW at the end of 2007).

According to the study, the focus of worldwide growth last year was in the U.S., China, Spain, Germany and India, with some 78% of new installations. Study respondents indicated that the U.S., China and Spain have great growth potential into the future, and there are also other countries that are becoming important to them, such as Greece and South Korea.

The extension of production tax credits (PTC) for wind energy adopted by the U.S. Senate by the end of 2009 – the decision by Congress is still pending – will most likely enable the U.S. wind industry to continue breaking records in the next two years. The majority of companies surveyed said they believe the U.S. market will survive even without extension of the PTC, as various states are funding wind energy.

SOURCE: HUSUM WindEnergy 2008



Trachte Inc._id1770
Latest Top Stories

Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.


Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965
UnitedEquip_id1995