Ireland wind industry to grow at an annual rate of 22 percent

(17/07/2009)

Research and Markets has announced the addition of the "Wind Power Profile of Ireland (2009)" report to their offering.

In the last couple of years, volatility in prices and instability in the supply of energy, combined with the urgency of climate change have led to the large-scale deployment of renewable energy. Among these, wind is the fastest-growing source with an average annual growth rate of 29% over the last ten years. In 2008, the global wind power generating capacity reached 121 gigawatts (GW). This represents a twelve-fold increase from a decade ago, when world wind-generating capacity stood at just over 10GW. Being an emerging fuel source a decade ago, wind energy has grown rapidly into a mature and booming global industry. Furthermore, the power generation costs of wind energy have fallen by almost 50%, moving closer to the cost of conventional energy sources. The future prospects of the global wind industry are very encouraging and it is estimated to grow at an annual rate of 22% over the next few years to reach 390GW by 2015.

The report - Wind Power Profile of Ireland (2009) - analyzes wind power sector in Ireland including a brief overview of the European energy and wind market. This section consists of data on European energy production and consumption, both current statistics and outlook; key concerns faced by energy markets in the region and current and future data for wind power sector in Europe. The next section covers in detail the wind power sector in Ireland, focusing on current installed capacity, trends and news coverage in last couple of years in the industry.

The report further provides information on government regulations and its support for the wind power sector in Ireland. The report also discusses recent R&D activity in the wind power sector in Ireland followed by information on key players - organizations and companies - in the market and brief profiles of key wind power projects in Ireland. In the forecast, we have provided both short and long term prospects of wind power in Ireland, along with estimates on installed capacity till 2015.

Related categories:  Environmental technologies market data   Wind power