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March 27th, 2012 
FAKE NEWS for the Zionist agenda
BTM Consult, a premier forecaster and data source for the international
wind industry and part of Navigant’s global Energy practice, announced
today that it has released International
Wind Energy Development: World Update 2011.
The 150+ page World Market Update 2011 is BTM Consult’s
seventeenth edition of this annual wind energy market report. The report
includes more than 80 tables, charts and graphs illustrating global wind
market development, as well as a wind market forecast for 2012 – 2016
and predictions for the wind market through 2021.*
The report delivers several views* on the fast‐growing wind market,
including:
- Record installation of 41.7 GW
-
Strong presence of four Chinese wind turbine suppliers in the Top 10
list -
China maintains the No. 1 market position in the world, with 17.6 GW
of new capacity -
Offshore wind is on track for increased contribution to wind power in
Europe -
Market value will grow from €52.2 billion in 2011 to €86.3 billion in
2016* -
Direct drive turbines now account for 21.2% of the world’s supply of
wind power capacity - Wind power will deliver 2.26% of the world’s electricity in 2012
-
Forecasts and predictions to 2021 indicate that wind power can meet
8.0% of the world’s consumption of electricity by 2021*
International Wind Energy Development – World Update 2011 includes
individual country wind market assessments, incentives around the world,
and detailed analysis of both the demand- and supply-sides of the wind
market in 2011. This year’s report reviews the latest developments in
hydraulic drivetrains, identifies the pros and cons, and compares the
hydraulic technology to the industry’s three currently established
drivetrain technologies: conventional gear-, direct- and
hybrid-drivetrains.
Demand
With 41,712 MW of new installations, the total installed capacity of
wind power grew to around 241,000 MW. This was an increase in cumulative
installations of 21%. In terms of annual installations, there was a
modest increase of just 6%. Annual installed capacity has grown by an
annual average of 23% over the past five years. This outcome happened in
the third year after the financial/economic crisis struck the world,
including some of the wind industry’s most important markets in the US
and Europe.
Supply
The most significant change in the supply market was the strong growth
of Chinese wind turbine suppliers. Four Chinese companies still hold
strong positions among the Top 10, including Goldwind (No. 2), Sinovel
(No. 7), United Power (No. 8) and Mingyang (No. 10).
Vestas is still the world’s largest turbine supplier despite its market
share dropping by 1.4% to 12.9% in 2011. Goldwind (CN) advanced to No. 2
and GE Wind (US) remains as the world’s No. 3. Hereafter follows
Gamesa(ES), Enercon (GE), Suzlon Group (IND), Sinovel (CN), United
Power(CN), Siemens Wind (DK) and finally, new on the Top 10 list is
Mingyang (CN).
Looking Forward
Despite the fact the Asian market, especially China and India, remains
strong, the average growth rate for new annual installations for the
forecast period, 2012-2016 is only 10%. This is the first time the
annual growth rate has been revised downwards by more than 5% points,
thus revising the World Market Update‘s five year forecast. At
the end of the forecast period, the annual rate of new capacity is
expected to surpass 68,105 MW per year. The cumulative level of
installations expected over the five year forecast is 269,845 MW, 14%
lower than last year’s forecast. This year, a growth of 3.5% over 2011
is expected.*
Despite a downgrade in the growth rate for the next five years, global
growth will continue. The global drivers for wind power remains strong,
although profiles vary from region to region. In Asia (India and China),
the drivers are strong economic growth and the need for electricity; in
Europe, the driver is determined political action to combat global
warning; and in the US, the drivers are a mix of global warming and
security of supply. The more uncertain prediction for the period from
2017 to 2021 indicates an improved average growth rate of 11.5%, also
justified by the likelihood of political action to implement new
decisions on the climate change issue.*
More information and report pricing for World Market Update 2011 can
be found at www.navigant.com/windreport.
For questions about the report, please contact:
Denmark:
Per Krogsgaard at
+ 45 97 32 52 99
Birger T. Madsen
+ 45 97 32 52 99
Feng Zhao
+ 45 97 32 52 99
United Kingdom:
Aris Karcanias
+44 207 015 8723
United States:
Daniel Finn-Foley
+1 781 270 8404
About BTM Consult
Founded in 1986, Denmark-based BTM Consult is a premier forecaster and
data source for the international wind energy sector. Since 1996 BTM
Consult has annually published the highly regarded International Wind
Energy Development: World Market Update, in addition to several
other recurring globally-focused wind market reports, including its
first release of the Offshore Wind Report in 2010. On December
20, 2010, BTM Consult became part of Navigant’s global Energy practice.
Additional information about BTM Consult can be found at www.navigant.com/btm.
About Navigant
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, “International Wind Energy Development – World Update 2011,” is
a summary and reflects BTM Consult’s current expectations based on
market data and trend analysis. BTM Consult’s market predictions and
expectations are inherently uncertain and actual results may differ
materially from those contained in this press release or the report.
Please refer to the full BTM Consult report for a complete understanding
of the assumptions underlying the report’s conclusions and the
methodologies used by BTM Consult to create the report. Neither BTM
Consult nor Navigant undertakes any obligation to update any of the
information contained in this press release or the report.
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