Wind around the world
- American Wind Energy Association, Washington, DC (United States)
A combination of cost reductions and progressive policies in key markets kept the world wind market percolating in 1997 with a record 1510 MW of new wind capacity installed, representing annual sales of more than $1.5 billion. This new record surpasses last year`s total by 24 percent, about the average annual rate of growth for the last three years. Worldwide utility-scale wind installations at the end of 1997 totaled 7763 MW. Most activity occurred in Europe, which accounted for over 75 percent of 1997 installations. Germany was again the world`s leading single market, this time by quite a large margin, accounting for more than one-third of the annual total by itself at 532 MW in 1997. The end of 1997 also marked the time at which Germany officially passed the US as the largest total single market with over 2079 MW in total installations versus about 1805 MW for the US, although the US had actually lost the lead by mid-year. Spain is the new addition to the top echelon of world wind markets, installing 215 MW in 1997 that more than doubles their total installed capacity over the previous year and ranks them number three in the world for the year. Denmark`s 1997 total of 300 MW is also a record, although this estimate could go up as the official count is finalized. India, the second largest wind market in 1995 and 1996, slipped several notches because of a variety of factors, including a change in government and a slowdown in the economy. The US wind market continues to stagnate as it has for the last several years, largely because of the uncertainty surrounding restructuring of US electric utilities. The US market is poised for a big comeback in 1998, however.
- OSTI ID:
- 585202
- Journal Information:
- Solar Today, Journal Name: Solar Today Journal Issue: 2 Vol. 12; ISSN 1042-0630; ISSN SOTOEV
- Country of Publication:
- United States
- Language:
- English
Similar Records
Wind gets competitive in the US
A status report on international utility-scale wind energy markets