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Global

Global wind report – annual market update 2010

Developing countries and emerging economies power ahead in 2010

Nearly 36 GW of new wind power capacity was added around the world in 2010, and for the first time the majority of that new capacity was in developing countries and emerging economies; driven mainly by the booming wind sectors in China and India, but also with strong growth in Latin America, a wind resource-rich region on the cusp of a wind energy boom.

Although cumulative market growth was still a healthy 22.5 %, 2010 was a tough year for the industry, with the annual market decreasing for the first time in about two decades. Medium term consequences of the financial crisis and the economic slowdown finally took their toll, and very low orders in OECD countries at the end of 2008 and the beginning of 2009 made themselves felt in the 2010 installation totals, particularly in the United States.

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