Installed wind capacity is set to
increase as wind power markets are expected to witness massive growth in
multiple regions, following a temporary decline caused by the global recession,
a new report by market intelligence experts GlobalData has found.
The new report* shows that the wind power
industry made a strong recovery from the financial crisis in 2011, helped by
the extensive work demanded by sites due for repowering maintenance. The
historic pattern of wind power installations predicts an enormous surge in the
repowering industry within the next five years, and the market is anticipated
to experience a whirlwind of activity.
The global wind repowering market in 2011
was primarily dominated by Denmark,
Germany, the US and India. Denmark was the largest wind
repowered market with an estimated 213.1 MW, accounting for around 51.6% of the
total global repowered capacity. Germany, the second largest wind
repowered market in 2011 forms around 43.1% of the global repowered capacity.
While global installed wind energy
capacity increased dramatically during 2006-2009, the global recession sparked
a 13.8% fall in annual additions during 2010, when major wind markets,
including the US, Germany and Spain, faced economic struggles as
a result of the global recession. These markets are soon expected to recover
thanks to a huge order intake by major wind manufacturers across emerging
regions. Wind power manufacturers worldwide received a high order intake in
2010, with expected delivery deadlines in 2011 and 2012, contributing to the
large total of annual installations expected this year.
According to GlobalData, the value of the
global wind repowering market has increased significantly during the last five
years. In 2005, wind sites were repowered to an estimated cumulative capacity
of 877 megawatts (MW). Since this time, the cumulative installed capacity has
risen dramatically to 2,499.4 MW. Still, this explored capacity represents only
around 17% of the total global repowering potential, which is estimated to
exceed 50,000 MW by 2020.
In 2011, wind farms producing around
182.6 GWh of power were replaced with turbines capable of generating 773.7 GWh
of power. In 2020, the repowered wind farms are expected to increase their
power generation from 1,523.5 to 8,221.1 GWh due to the higher capacity and
efficiency of the new turbines.
* Wind Repowering - Capacity, Generation and Cost-Benefit Analysis to 2020
The report offers comprehensive
information and understanding of the wind repowering industry, and analyses the
wind repowering market potential by individual country. Historical and forecast
analysis of the global wind repowering installed capacity and power generation
are given, alongside key drivers and restraints in the wind repowering
industry. The repowered capacity additions, repowered generation, cost-benefit
analysis and generation based revenue is also shown for countries such as Germany, the UK,
Denmark, the US and India. The report is built using
data and information sourced from proprietary databases, primary and secondary
research and in-house analysis by GlobalData’s Team of industry experts.
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