International Wind Power
Wind energy experienced a record year of international growth in 2007. According to the Global Wind Energy Council (GWEC), installations of new wind energy facilities increased by thirty percent in 2007, with twenty gigawatts (GW) of new installations brought into service worldwide. According to a US Department of Energy May 2007 report, this follows seven years of growth in wind capacity at the rate of twenty-four percent per year in the US and twenty-seven percent per year worldwide. This growth has been driven in part by multinational utilities such as Iberdrola and Acciona, which joined FPL Energy and Babcock and Brown in 2007 as leaders in wind power plant ownership with new facilities installations in North America and worldwide.
The annual 2007 survey by GWEC and Emerging Energy Research (EER) reflect that wind power ownership and installations continue to increase in North America, Europe, Latin America and Asia. EER reports that while the United States in 2007 remained the largest market with 5.2 GW of new installations, it was closely followed by Spain and China, which added 3.5 GW and 3.4 GW, respectively, to their total capacity of wind power. The other leading international markets include Germany, Canada, India, Denmark, Italy, the UK, Portugal, and France.
The development of wind power is now a global opportunity. For many companies, establishing operations in new international markets may be a sound and profitable part of their strategic growth, particularly markets in which sponsors can achieve greater cost efficiencies and profitability.
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