Wind Energy Market

In the three years since we produced our Special Report: Investing in the Booming Wind Industry, we've seen the complexion of the industry change from a blossoming, mostly regional industry based in Europe, to a worldwide industry that is becoming increasingly corporate, and experiencing growing pains in the process.

For over a decade, wind has been the world's fastest growing energy source on a percentage basis. The industry has been growing at 28% a year for the past five years, and if growth trends continue at this pace as is expected, wind capacity will double about every three or four years.

Wind installations grew by 25% in 2005 and now stand 59,322 megawatts (MW) worldwide, according to the Global Wind Energy Council (GWEC). New wind installations hit a record 11,769 MW in 2005, up from 8,207 MW in 2004.

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