WWEA: World Wind Energy Report 2009

    WWEA

    The global financial and economic crisis, all in all, had no negative impact on the general development of the wind sector worldwide. Many governments sent clear signals that they want to accelerate wind deployment in their countries and indicated that investment in wind and other renewable technologies is seen as the answer to the financial as well as to the still ongoing energy crisis.

    Hence, politically stable and in many cases improved frameworks lead to more investment in wind utilisation around the globe..

    Within this political environment and as predicted in the World Wind Energy Report 2008, the finance sector has started to understand that wind technology is in principle a low-risk investment not only for the investors themselves, given the right policies are in place.

    In addition to such direct microeconomic benefits for wind investors, wind turbines stabilise the overall energy prices and hence reduce general economic risks in a country, while reducing the dependency on (in most cases imported) fossil and nuclear resources.

    Interesting prospects for financing wind and other renewable technologies came up in the context of the UN climate change discussions: The International Renewable Energy Alliance proposed at the COP15 in Copenhagen a Global Fund for Renewable Energy Investment, including a Global Feed-in Tariff programme. This proposal would enable mainly developing countries to invest on a large scale in renewable energy and has already attracted major interest amongst governments and international organisations. Adopted in the frame of the UNFCCC, it would pave the way for an accelerated huge and worldwide boom of renewable energy deployment. More

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