What comes next ?
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What comes next ?
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In 2007 wind-generated electricity accounted for over 1% of global electricity demand for the first time. With estimates showing it is likely to be worth $300 billion over the next five years, will this be the breakthrough to further rapid growth? Edward Milford reviews the latest BTM World Market Update.
Are you a ‘glass half full’ or a ‘glass half empty’ person? Reading the latest BTM World Market Update on International Wind Energy Development and the rapid progress the wind industry is making, the glass seems half full. The backdrop, though, is a steady stream of news on the energy and environment front which highlights the scale of the challenge faced by the renewable energy industry – and, despite the impressive achievements of the wind industry, the glass seems half empty.
One of the main headlines in the report illustrates this. In 2007 electricity from wind reached the important milestone of generating 1% of global electricity demand. International Energy Agency (IEA) figures show global electricity generation in 2007 at 19,189 TWh, the report’s calculations show generation from wind reached 194 TWh in 2007. On the one hand, this is a very impressive achievement;
back in 1997, just 10 years ago, wind energy generation was only 15 TWh, barely 0.1% of the global total of 13,949 TWh. Growth by a factor of 10 in only a decade is surely a ‘glass half full’ achievement.
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