Environment, Bharatbook: Impact of Financial Crisis on Wind Energy Installations Globally - Analysis and Forecas
The report facilitates market analysis and forecasting of future wind energy industry trends. It helps identifying growth segments and opportunities in the energy industry. The news and deals portfolio provided in the report helps an investor to gauge the global wind energy market and accordingly direct their investment.
Of the available renewable energy sources, wind is the most established commercial generating technology with highly effective and reliable equipment and machinery. It has observed tremendous growth, with the total installed capacity augmenting from 23,900 MW in 2001 to over 121,013 MW in 2008, reflecting an annual growth rate of 26% for the 2001-08 period.
Annual Wind Energy Installations to be Impacted by the Financial Crisis The current financial crisis is severely affecting the growth of wind energy globally. The global wind energy industry is witnessing many cancellations of turbine orders, freezing up and sale of wind farms, and difficulties in securing financial aid for new projects. The worldwide annual wind energy installations will trickle down by more than 15% in the years 2009 and 2010, as against the growth rate of 35% in the new installed capacity of 2008, according to the report. This will further result in a dip in the demand for wind turbines.
Increasing Mergers and Acquisitions to be the Outcome of Financial Crisis Wind farms are capital-heavy projects with significant up-front investment that can be financed only by large utilities and investment groups. The critical short-term challenge faced by most wind power developers is financing, particularly for under development projects. The economic downturn, resulting in the failure of some of the world's largest investment banks, has led to an increase in the cost of capital for wind energy projects. Against this backdrop, only a few large wind power companies will be in a position to pursue their project development plans. Shortage of financial resources with smaller players would give an opportunity to the big giants to takeover or form alliances with such companies, thereby increasing the level of consolidation in the wind energy industry.
Declining Share of Europe in By Region Break-up of Wind Energy Capacity Though Europe is the leading region in terms of the current global cumulative wind energy installed capacity, its share in the world's wind energy industry has dropped from over 73% in 2001 to 61% in 2007 and 54% in 2008. This is mainly because of the relatively mature status of wind energy markets is many European countries. Also, the faster rate of wind energy growth in the US, China, India and Canada is increasing the share of the North American and Asia-Pacific regions in the global wind energy industry.
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Related Tags: market, research, report, statistics, analysis, forecast, wind energy, installations, market growth, energy capacity
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