WORLD WIND GROWING FAST

Even for NewEnergyNews, keenly aware of wind energy’s current boom, this predicted level of growth seems impressive.

Global wind energy market to grow at 20.5% CAGR
October 2, 2007 (Deutsche Bank via newratings)

WHO
Analysts, Deutsche Bank; World wind energy giants Gamesa and Vestas.

Wind energy is growing rapidly in the U.S...(click to enlarge)

WHAT
The bank’s analysts published a finding of impressive growth for wind energy through the end of the decade as well as issuing ratings on 2 of wind energy’s biggest producers.

WHEN
The research note was published October 2. It predicted a Compound Annual Growth Rate (CAGR) of 20.5% between 2006 and 2010 for the wind energy industry.

WHERE
The finding applied to global wind energy. Gamesa is a worldwide wind and solar energy producer based in Spain. Vestas, an international wind energy company, is based in Denmark.

...and is even bigger in Europe. (click to enlarge)

WHY
- Wind energy demand is primarily from utilities diversifying away from fossil fuels.
- The 20.5% CAGR is based on a 2006 start point of 18 million euros.

QUOTES
- Deutsche Bank Analysts on Gamesa: “Buy.”
- Deutsche Bank Analysts on Vestas: “Hold.”