The annual size of the wind energy sector business is about 20000 MW globally and 2000 MW in India. Global long-term growth rates are expected to be 16%+ and by 2010, global market would be 30000 MW. The market is globally expanding and all studies point to its long-term prospects.
In financial terms the global wind energy market estimated at US$ 25 Billion globally in 2007 with CAGR ~25% over the last ten years. However, this growth still represents less than 1% of global power generation. By 2011, yearly installed capacity is expected to more than double and the growth would continue to expand at 16% CAGR. Compared to 2010 figures, the cumulative power production capacity is expected to double by 2015 and grow 7-times by 2025 to 1Million MW. This will still be about 3% and 8.5% respectively of total global power generation.
This unprecedented growth is being powered by the key market drivers such as -

• Rising Fossil-Fuel prices
• Utilities in key European Economies have obligation to purchase Green Energy
• RPO of 10% for top corporate & public sector in India
• Global Warming - obligation to reduce carbon emissions
• Additional Revenue through CDM trade
• Europe plans to ramp up Renewable Energy up to 20% by 2020 from a meager 6% at present
• Favorable Policies
• Tax Credit (U.S), Green Cess Fund, Subsidies (China), Electricity Certificates (Sweden), IT
   & Tax Holiday benefits (India)
• Independent Power Producers & Project Developers exploring investment opportunities
   world over
• Improved turbine technology for better Plant Load Factor (PLF) and competitive Cost Of
   Energy (COE) resulting in attractive ROI

Source : BTM Consult, Denmark / Internal Research

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