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ed pressure on the manufacturers of WT components such as towers, rotor blades, gearboxes, bearings, generators, etc., and the industry has been struggling to keep up with the demand. For the moment, developers of wind farms have to wait up to 12 months for the turbines to arrive, and present trends show that this timeframe could expand to 18 or even 24 months. In 2006, the booming global wind-energy market exceeded all expectations and the sector experienced yet another record year with the installation of 15,197 MW. This increased the total installed wind-energy capacity to 74 223 MW (Figure 12). Despite the constraints faced by wind turbines’ supply chains, the annual mar- ket for wind energy kept increasing at a staggering rate of 32 percent, just a little behind the 2005 record year, in which the market grew 41 percent. Such devel- opment level shows that global wind-energy industry is responding fast and appro- priately to the manufacture challenge, and has managed to keep up with its sus- tained growth. From the economic perspective, the wind-energy sector has be- come firmly established as one of the major players in the energy market, in which the total value of new installed power-generating equipment reached 23 billion USD (18 billion Euros) in 2006. The countries with highest total installed capacity are: Germany (20 622 MW), Spain (11 615 MW), the United States (11 603 MW), India (6 270 MW), and Denmark (3 136 MW). Thirteen other countries can be counted among those with over 1 000 MW of wind-power capacity; e.g., France and Canada, which reached this threshold in 2006. In terms of new installed capacity during 2006, the United States kept lead- ing with 2 454 MW, followed by Germany (2 233 MW), India (1 840 MW), Spain (1 587 MW), China (1 347 MW), and France (810 MW). This shows that new players, such as France and China, are gaining ground (Figures 13 and 14). In Latin America and the Caribbean (LAC), the market is starting to show signs of RENEWABLE ENERGY TECHNOLOGIES 71PDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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