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GLOBAL WIND 2009 REPORT

Foreword
The continued growth and expansion of the wind power industry in the face of a global recession and a financial crisis is a testament to the inherent attractiveness of the technology. Wind power is clean, reliable, and quick to install; it’s the leading electricity generation technology in the fight against climate change, enhancing energy security,stabilising electricity prices, cleaning up our air and creating thousands of quality jobs in the manufacturing sector when they’re particularly hard to come by. Early 2009, when we published our last set of five year projections, was the absolute low point of the financial crisis. Capital was largely unavailable in most OECD countries, and bankers and consultancies were all predicting a dramatic drop inthe renewable energy sector in general and in wind power in particular. GWEC’s prediction of 12% growth in the wind sector was generally greeted with disbelief and derision, figuring we were just trying to put a brave face on disaster Yes, we were wrong. But a lot less wrong than everyone else, as the global market grew by 41%, demonstrating that wind power is increasingly the power technology ofchoice, leading all others by a substantial margin in the US and Europe, and with another fantastic year of more than 100% growth in China. But we’re not out of the woods yet. The capital markets have eased somewhat, although loans are still harder to come by and more expensive than before the crisis. The interventions of financial institutions such as the European Investment Bank, Germany’s KfW,and the BNDES of Brazil have helped, as have the various government stimulus packages which will continue to inject finance into the sector for the next four years. But these are not permanent solutions. Steve Sawyer
Secretary General Global Wind Energy Council

Electrical demand is shrinking in most OECD countries, and although there are signs of economic recovery, it is slower than expected.We were also looking for a boost from the Copenhagen climate summit, but we are no closer to a global price on carbon pollution than we were twelve months ago, and the future of the UNFCCC’s Clean Development Mechanism (CDM) remains uncertain. So 2010 is going to be another extremely challenging year, perhaps even more so in some ways than 2009, and with increasing geopolitical uncertainty, weakpower demand in the OECD and tight financing, there is still some belttightening to do across the industry. Our short term projections are once again cautious, but will still get us to 200 GW of installed wind power capacity at the end of 2010, doubling to 400 GW by the end of 2014. That is the growth we can see with a cloudy crystal ball from our vantage point here in March 2010, but the industrywill no doubt continue to exceed expectations…it always has! This is the fifth annual report on the status of the global wind industry by the Global Wind Energy Council. It provides a comprehensive snapshot of this global industry, now present in more than 70 countries. The data and country profiles for this report have been collected through GWEC’s member associations and companies around theworld, as well as from other analysts and government contacts. We thank our contributors and look forward to continued close cooperation for future editions. March 2010 Arthouros Zervos
Chairman Global Wind Energy Council

TA B L E O F C O NTENTS
Renewable energy financing in a year of economic turmoil . . . . . . . . . . . . . . . . . . . . . . 5 The global status of wind power . . . . . . . .. . . . . . . . . . . . . . . . . . . 8 Market forecast for 2010-2014 . . . . . . . . . . . . . . . 16

Australia . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Brazil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Canada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 PR China . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Denmark . . . . ....
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