admin /29 July, 2010
BTM Wind Market Report
London — In its latest analysis, the BTM Report discloses that despite the economic downturn and concerns that the subsidy-backed wind industry may founder with the failure of any significant outcomes at Copenhagen, the sector has continued to confound expectations by posting yet another record result.
Strong growth, record installations
After several years with strong political backing, the mood both of politicians and the public towards renewable energy changed significantly in 2009. First, and most obviously, came the economic downturn; belts were tightened, and investment became harder to find. Later in the year, in the run up to the much anticipated Copenhagen summit, public scepticism about climate change grew in the wake of the ‘Climategate’ leaked emails, and lobbying by various interests to weaken any outcome from the summit.
Wind energy has sometimes appeared to be dependent on such political backing, and often seen as something of a luxury when it comes to finance. Would 2009 turn out to be a year when the growth of the industry slowed down?
The answer from the latest annual BTM report: ‘International Wind Energy Development – World Market Update 2009; Forecast 2010-2014’ is an emphatic ‘no’. This industry benchmark document – produced and published by BTM Consult ApS of Denmark – reports new capacity installed in 2009 grew strongly with record installations of 38 GW worldwide; underlying this were some significant changes to the shape of the global wind industry, particularly with the rapid rise of Chinese manufacturing. Elsewhere, despite the absence of a comprehensive climate deal at Copenhagen, prospects for the industry in several different parts of the world look good, and the BTM report forecasts strong growth for the industry in the next five years and beyond.