Frost & Sullivan sees lucrative investment opportunities for wind industry in China

Renewable Energy Focus ^ | 9/25/2009 | UNO

[Thebaddog]

With the rapid decline of available credit and investor confidence, 2009 has not been the best year for the global wind power industry. However, the sector is presumed to pick up due to concerns for energy security and global warming and the growing demand for electricity in developing countries, according to Frost & Sullivan.

Preferential government policies and other factors will also contribute to the development of the wind power business and take it through the current financial crisis. Frost & Sullivan predicts opportunities for investment in China, in particular.

Wind power industry overview: China and the world According to Frost & Sullivan, the global wind power industry demonstrates a sustained and rapid growth trend in general, with the fast-growing area migrating from Europe to Asia and North America in recent times. In 2008, an approximately 27,260 MW of installed capacity was added to the world’s wind power, which was 29% larger than that of the previous year. The wind generators around the world produced 260 billion kWh of power in 2008, which was 1.5% of the total global electricity generation. In comparison, the percentage was only 0.25% in 2000.

The Chinese market for wind power remains promising, although it is only inevitable that its growth rate will slow down compared to previous years. The installed capacity of China wind power increased from 402 MW in 2001 to 12,150 MW in 2008, with a growth rate higher than the world average since 2004. Frost & Sullivan estimates the cumulative installed capacity of China wind power to exceed 100 million kW in 2020, which indicates a compound growth rate between 20% and 30% from 2009 to 2020, far below the previous rate of nearly 100%.

Frost & Sullivan predicts lucrative opportunities in China for wind power investment in windfarm construction .

[Thebaddog]

These are the brains behind the government green positions and they were touting China back in 2009. Who knew in the White House that they were setting Solyndra up to fail?

[1rudeboy]

What does this have to do with Solyndra?

[Mouton]

If anyone was interested in making money from wind energy, figure out how to install one of those wind driven turbines in the front of (.)bama when he is giving one of his speeches.