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Abundant, renewable, and free, wind energy has been the fastest growing energy source since 1990. Installed wind capacity worldwide at the end of 2003 stands at over 40,000 MW, doubling since 1999, and ten times the 1994 total. Forecasts of global turbine sales in the coming years vary. In March 2004, BTM Consult forecast world total install capacity could exceed 95,000 MW by the end of 2008. This forecast does not anticipate a cost of generation breakthrough such as WTC intends to accomplish. |
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| Growth of wind energy is being driven in large part by the commitment from many industrialized nations to reduce greenhouse gases. There is a discernable, growing public demand for green energy. The cost of wind energy has gradually fallen, as technology has improved, however, wind energy still requires subsidization almost everywhere. Lower cost wind technology will induce increased demand. The clear intent of large developing countries like China and India is to bring cutting edge new renewable technologies into their already large and rapidly growing energy markets to help offset if not reduce traditional reliance on old fossil fuel technologies. | |||||
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