Electrical 'A' Grade Contractors and Engineers
Nagercoil, Tamilnadu, INDIA- 629302
Phone +91 4652 285404
Mobile : +91 96262 63511, +91 97509 87222
Growth in wind power is tremendous, with capacity more than doubling every three years. In 2009, global installed wind capacity reached around 160 Giga watts, rising 40 GW on the previous year, according to the World Wind Energy Association, which estimates that by 2020 global capacity could reach 1900 GW.
Wind power has negligible fuel costs, but a high capital cost. The estimated average cost per unit incorporates the cost of construction of the turbine and transmission facilities, borrowed funds, return to investors (including cost of risk), estimated annual production, and other components, averaged over the projected useful life of the equipment, which may be in excess of twenty years.
Although the wind power industry will be impacted by the global financial crisis in 2009 and 2010, a BTM Consult five year forecast up to 2013 projects substantial growth. Over the past five years the average growth in new installations has been 27.6 percent each year. In the forecast to 2013 the expected average annual growth rate is 15.7 percent. More than 200 GW of new wind power capacity could come on line before the end of 2013. Wind power market penetration is expected to reach 3.35 percent by 2013 and 8 percent by 2018