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Wind Turbines Get Bigger
01 Mar 2003
The European market for wind power technology has grown by an average 35% per year over the past five years, according to the European Wind Energy Association (EWEA).
The industry is capable of continuing these high growth rates, says the EWEA (www.ewea. org), but it requires political backing beyond Germany, Spain and Denmark, which accounted for 89% of the market in 2002.
The global large wind turbine market, a major user of composites, is expected to grow at an average annual growth rate of 24.3% to reach over US$16 billion by 2007, according to a study from Business Communications Company Inc (www.bccresearch.com).
New large wind capacity will account for almost 24% of all new bulk power installed worldwide in 2007. The size of the largest offshore projects has entered the realm previously occupied solely by central station power plants. Several gigawatt-scale wind projects are expected to come on line during the next five years.
