The Wind Power Sector
Growth of 22.7% per year
The Wind Power Sector is the fastest growing electricity generation technology. The level of annual installed capacity has grown at an average rate of 22.7% p.a for the past five years. The reasons for that are:
Wind is a proven technology developed and optimized over three decades.
Compared with other energy investment, wind creates more certainty. Wind creates jobs and secures energy security.
Wind's contribution in the fight of global warming. The total carbon dioxide emissions avoided by wind power in 2009 is about 228.7 Mt equaling to 1.93% of the world‟s total emission from power generation.
No longer be so much depend on the local political situation for its main driver. More tradional market drivers are influencing competition.
Wind power is already cost competitive with gas and “ new coal-fired” electricity on a normal good windy site.