The US and China to Lead the Global Wind Power Development
Driven by a combination of factors – need for energy security, emission reduction and decreased cost of power generation, wind power has become the most cost-competitive renewable power source. From an emerging fuel source twenty years ago, wind power today has transformed in to a commercial generating technology with more effective, more reliable equipment and machinery. The aggregate global wind power installed capacity has risen from 23,900 MW in 2001 to over 93,864 MW in 2007, marking a growth rate of 25.6%. Annually, global wind power capacity additions have increased from 6,500 MW in 2001 to 19,812 MW in 2007. The wind power industry is further projected to grow at a rate of 23.8% with the cumulative capacity base reaching more than 271,290 MW by the end of 2012. The world is projected to add 177,435 MW of wind power during the time period 2008-12.
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