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Insights into Global Wind Power Growth and Market Projections (2010-2050)

At the 2010 European Wind Energy Conference, Steve Sawyer discussed the status of the global wind energy market, highlighting cumulative installed capacity growth of 31.9% in 2009, with projections indicating continued expansion through 2014 and into 2050. Key insights included the dominance of China as the largest market and manufacturing hub, Europe's offshore boom, and the growing potential in Latin America, Africa, and the Pacific. Sawyer emphasized the uncertainty in North America and the need for governmental support to drive future growth amid changing market conditions and international policy landscapes.

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Insights into Global Wind Power Growth and Market Projections (2010-2050)

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  1. Global Wind Power Steve Sawyer EWEC Warsaw April 21, 2010

  2. GWEC MEMBERS Uniting the Global Wind Industry C0 Members C2 Members Associations

  3. Outline • Global market status • Projections 2010-2014 • Projections to 2050 • Looking Ahead • Conclusions

  4. Cumulative Installed Capacity 2009 growth: 31.9% 13 yr avg growth: 28.6%

  5. Annual Installed Capacity 2009 growth: 41.7% 13 yr avg growth: 31.4%

  6. 2009 Market Leaders

  7. Regional Breakdown

  8. Summary Status • Three main markets: Europe, North America and China – strong political commitment and framework in EU and China; US and Canada uncertain • China now home to largest manufacturing industry – #1 market in 2009, and #1 overall early in the next decade • European market continues to broaden – new boom with offshore getting underway • Latin America, Africa and the Pacific continue ‘on the verge of take-off’

  9. Projections to 2014

  10. Cumulative by Region 2009-2013

  11. Annual market to 2014 by region

  12. GWEO 2008 - Production 12

  13. % of global electricity 13

  14. Looking Ahead • Uncertainty: • - in international political landscape • - in the future of the carbon markets • - in ‘new’ climate-related funds • Focus on national/regional legislation and markets • Government stimulus to continue to play role for the next few years • Increased interest Asia, Africa, South America • Main drivers all still in place – influence will only increase

  15. Modest dip in 2009

  16. Asia Rising

  17. ‘Green’ Stimulus Funding US$ 184 Billion

  18. Rebound in 2010

  19. Conclusions • Market conditions: • - Asian market driving global growth • - European market solid and steady • - North America uncertain • - Downward price pressure continues • - International commodity price volatility increase • Market drivers all still in place, and increasingly prominent: • energy security; cost stability; macroeconomic security; local economic development and job creation; local environment and climate

  20. Thank you Steve Sawyer Secretary General Global Wind Energy Council Tel +32 2 400 1030 steve.sawyer@gwec.net wwww.gwec.net

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