by Staff Writers
Mr. Reinhardt says that the global recession dealt a glancing blow to the wind power industry in 2009 by forcing many developers to cancel or delay projects. However, he says, the industry will rebound sharply during 2010 as credit markets thaw and the flow of capital resumes.
The emission-neutral energy provided by wind power represents a unique opportunity to help the world end its reliance on expensive, polluting fossil fuels, and to spur the economy by creating millions of "green collar" jobs.
Wind power has followed an evolutionary path over thousands of years that has transformed it from an efficient method for grinding grain into the world's fastest-growing, most cost-competitive, sustainable energy source.
A new market study by NextGen Research, "Global Wind Power Market: The Outlook for Renewable Energy Generation by Wind Turbines, Wind Farms", forecasts that global wind-based electrical generation capacity, which totaled just under 121 gigawatts (GW) in 2008 (a record year for new installations), will reach 318.5 GW by 2013.
Spurring this growth will be a boom in China's renewable energy industry; government support in the form of subsidies, feed-in tariffs and Renewable Portfolio Standards, and international goals for renewable energy usage established under accords like the Kyoto Protocol and the EU's Renewables Directive.