Global wind power set for steady growth to 2020
Global wind energy installed capacity increased at a compound annual growth rate (CAGR) of 27.9% from 74.1 GW in 2006 to 198.2 GW in 2010, of which 36.1 GW came online in 2010. There was a fall in annual additions in 2010 by 10.9%, however, as major wind markets such as the US, Germany and Spain were hit by the global economic crisis. The global wind power markets are expected to recover in 2011 with the huge order intake by major wind manufacturers, the growing Asia-Pacific region, emerging South America and Africa regions, steady European wind markets and recovery in North America, GlobalData says. The growing Asia-Pacific wind power market powered by India, China and other emerging countries such as Republic of Korea, Thailand and Philippines will continue to drive the wind power market as well as emerging South America and Africa countries such as Brazil, Columbia, Argentina and South Africa. China largest in 2010 China was the global leader with a cumulative installed ...