Market overview:


Globally, sustainable energy is being led by wind power. In fact, wind is rapidly developing into a mainstream power source in several countries, and is playing a key role in meeting the energy challenges that the world is facing today.

Wind power is a renewable, economic, non-polluting and environment friendly source of energy. With an average annual growth rate of more than 26% since 1990, wind is the fastest growing energy source in the world. Global wind energy generating capacity at the end of 2006 was over 74 GW, a 25.4% increase over 2005.

The Global Wind Energy Council (GWEC) in its ‘Wind Force 12’ forecast estimates that by 2020, wind would become a US$ 67 billion business in annual terms. Thus, global installed capacity could increase to 135,000 MW by 2010, meeting 12% of the world’s electricity requirements.