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GLOBAL CUMULATIVE INSTALLED CAPACITY 1995-2006 MW 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 1995 1996 4,800 6,100 1997 1998 1999 7,600 10,200 13,600 2000 2001 2002 2003 2004 17,400 23,900 31,100 39,431 47,620 2005 2006 59,091 74,223 Source: Global Wind Energy Council, 2007, with original information from the International Energy Agency. Figure 12. Global cumulative wind-energy installed capacity. The development of WTs is a remarkable success story, though an unfinished one. Wind industry has reached a stage in which some people would regard it as a mature technology, able to stand commercially on its own. While such status is a great achievement, it’s important to realize its potential for greater growth, which can be furthered by continuous and vigorous R&D efforts. Here, the main design drivers are cost-reduction and increased reliability. 4.3.2. Current and prospective scenarios Global wind energy industry has been growing at a staggering annual rate of nearly 30 percent for the last 10 years, and experts predict that the end of this boom is out of sight. While a large proportion of this development is taking place in Europe, other markets, especially Asia and North America, are catching up fast. The worldwide success and tremendous growth of wind energy put unprecedent- 70 SUSTAINABLE ENERGY IN LATIN AMERICA AND THE CARIBBEAN: POTENTIAL FOR THE FUTUREPDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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