London, England -- (SBWIRE) -- 03/16/2012 -- The global wind energy market witnessed huge growth from 2009 to 2010 as total wind power capacity grew by 22.3%. The global wind energy installed capacity increased at a Compound Annual Growth Rate(CAGR) of 27.9% from 74,107 megawatt (MW) in 2006 to 198,203 MW in 2010, of which 36,100 MW went online in 2010. Although the cumulative capacity for wind power grew, there was a 10.9% fall in annual additions in 2010 as major wind markets such as the US, Germany and Spain faced economic problems following the global economic crisis. The global wind power markets are expected to recover in 2011 due to the huge order intake by major wind manufacturers, the growing Asia-Pacific (APAC) region, emerging South America and Africa regions, steady European wind markets and recovery in North America. Wind power manufacturers across the world had a high order intake in 2010 with expected delivery deadlines in 2011 and 2012. This will contribute to the annual installations in 2011-2012.

According to GlobalData, wind farms installed up until 1996 were considered to be potential wind repowering sites in 2011. The global wind repowering market has increased significantly during the last five years, and cumulative installed capacity grew from an estimated 877 MW in 2005 to an estimated 2,499.4 MW in 2011 with a Compound Annual Growth Rate (CAGR) of 23.3%. Until 2011, approximately 17% of the total wind repowering potential had been explored globally.

The global wind repowering market has increased significantly during the past five years. The repowering market has recorded an estimated 508.8 MW of cumulative capacity which underwent repowering to an estimated 877 MW of repowered capacity until 2005. The market has increased from cumulative installed capacity of an estimated 877 MW in 2005 to an estimated 2,499.4 MW in 2011. In 2011, around 125 MW of installed capacity was repowered to reach 424.6 MW.

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Generation-based revenue for repowered wind farms have increased drastically with regard to the increased capacity and generation. The timely revision of Feed-In-Tariffs (FITs) for wind power in Germany does not have negative impact on the generation-based revenue of repowered wind farms. In 2011, generation-based revenue for repowered wind farms increased from $1.9m to $24.6m. The generation-based revenue of the wind repowered market in Germany is expected to increase from $52.6m to $253.5m in 2020.

“Wind Repowering - Capacity, Generation and Cost-Benefit Analysis to 2020” is the latest report from GlobalData, the industry analysis specialists that offer comprehensive information and understanding of the wind repowering industry. The research provides an understanding of the wind repowering market potential by country. The research also provides historical and forecast analysis of the global wind repowering installed capacity and power generation. The report details about key drivers and restraints in the wind repowering industry. The report provides the repowered capacity additions, repowered generation, cost-benefit analysis and generation based revenues in the countries such as Germany, the UK, Denmark, the US and India. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s Team of industry experts.

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