Wind Power: Opportunities in Emerging Markets

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) October 20, 2009 -- Power is the backbone of any economy in today’s world. But the high price of fossil fuel is forcing countries to focus on renewable energy sources. So the technologically-developed countries have replaced a considerable portion of their fossil fuel power with renewable sources to sustain their concrete growth. But, according to "Wind Power: Opportunities in Emerging Markets”, emerging countries, who have just started their journeys, too need to maintain a robust power supply because

- Most of the emerging economies are preferred destinations for industrial and manufacturing plant set up by developed countries.
- Development of power grid connectivity has boosted up the power consumption.
- Increasing population has fuelled the power requirement in developing economies.

However, rising fossil fuel prices are challenging the growth potential of these countries. Therefore, like developed countries, these nations too are adding renewable sources in their power mix.

For most of the emerging countries, wind power seems to be the best choice as it is relatively low cost than other renewable sources and is a cleaner source of energy. With technological development, wind will become a highly competitive source for power generation, creating business opportunities for manufacturing and material innovations. This, in turn, will boost the manufacturing sector of the emerging countries.

To analyze the market potential for wind industry in the emerging economies, we have selected countries based on various aspects, like market performance and power generation sources. This report also provides a brief description on key turbine manufacturing companies present in the emerging economies.

Key Findings of the Report

- Total wind power installation in People’s Republic of China is projected to cross 100 GW by the end of 2020.
- Wind power industry will be the major focus area in India during its 11th Five Year Plan.

- By the end of 2009, wind power installation in Turkey is anticipated to reach slightly less than 1 GW.
- In 2009, Brazil’s cumulative wind power installation is likely to exceed 1 GW mark.
- It is expected that the wind power generation in Poland will go beyond 26 TWH by the end of 2020.
- Egypt’s wind power installation is projected to cross 1 GW mark in 2009.


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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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