World Market Update 2011
Chicago, IL / Copenhagen, Denmark
BTM Consult, a premier forecaster and data source for the international wind industry and part of Navigant’s global Energy practice, announced today that it has released International Wind Energy Development: World Market Update 2011.
The 150+ page World Market Update 2011 is BTM Consult’s seventeenth edition of this annual wind energy market report. The report includes more than 80 tables, charts and graphs illustrating global wind market development, as well as a wind market forecast for 2012 ‐ 2016 and predictions for the wind market through 2021.*
The report delivers several views* on the fast‐growing wind market, including:
» Record installation of 41.7 GW
» Strong presence of four Chinese wind turbine suppliers in the Top 10 list
» China maintains the No. 1 market position in the world, with 17.6 GW of new capacity
» Offshore wind is on track for increased contribution to wind power in Europe
» Market value will grow from €52.2 billion in 2011 to €86.3 billion in 2016*
» Direct drive turbines now account for 21.2% of the worldʹs supply of wind power capacity
» Wind power will deliver 2.26% of the worldʹs electricity in 2012
» Forecasts and predictions to 2021 indicate that wind power can meet 8.0% of the world’s consumption of electricity by 2021*
International Wind Energy Development – World Update 2011 includes individual country wind market assessments, incentives around the world, and detailed analysis of both the demand and supply sides of the wind market in 2011. This year’s report reviews the latest developments in hydraulic drivetrains, identifies the pros and cons, and compares the hydraulic technology to the industry’s three currently established drivetrain technologies: conventional gear‐, directand hybrid‐drivetrains.
More information and report pricing for International Wind Energy Development: World Market Update 2011 can be found at www.navigant.com/windreport For questions about the report, please contact:
Denmark:
Per Krogsgaard at per.krogsgaard@navigant.com + 45 97 32 52 99
Birger T. Madsen birger.madsen@navigant.com + 45 97 32 52 99
Feng Zhao feng.zhao@navigant.com + 45 97 32 52 99
United Kingdom:
Aris Karcanias aris.karcanias@navigant.com +44 207 015 8723
United States:
Daniel Finn‐Foley daniel.finn‐foley@navigant.com +1 781 270 8404
About BTM Consult
Founded in 1986, Denmark‐based BTM Consult is a premier forecaster and data source for the international wind energy sector. Since 1996 BTM Consult has annually published the highly regarded International Wind Energy Development: World Market Update, in addition to several other recurring globally‐focused wind market reports, including its first release of the Offshore Wind Report in 2010. On December 20, 2010, BTM Consult became part of Navigant’s global Energy practice. Additional information about BTM Consult can be found at
www.navigant.com/btm
About Navigant
Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com
* The information contained in this press release concerning the report, “International Wind Energy Development – World Update 2011,” is a summary and reflects BTM Consult’s current expectations based on market data and trend analysis. BTM Consult’s market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full BTM Consult report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used by BTM Consult to create the report. Neither BTM Consult nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.