Jun 17 2010
Frost & Sullivan’s new analysis titled “Asia Pacific Wind Energy Market - Investment Analysis” indicates that the wind energy market of the Asia Pacific region has shown considerable growth. This growth can be attributed to favorable government support, location, recognition of potential, energy security and focus on renewable development.
In Asia Pacific, the emerging economies such as China and India have gone on to make quick progress in expanding wind energy production to 41 GW in 2009 from 1.7 GW in 2000.
All throughout the world, there were certain problems owing to the economic downturn; nevertheless, the wind energy market of the Asia Pacific region was not affected significantly, as local utilities and government-aided institutions provided huge sums of funds for the wind energy projects.
Sivapriya Ramakrishnan, a Financial Analyst in Frost & Sullivan, has noted that the explosive growth China wind energy installations has created great wind energy potential in the nation, and this in turn is uplifting the worldwide wind energy market.