Positive Environment News

German 2002 wind power market up 22 pct

Date: 24-Jan-03
Country: GERMANY

In total, Germany installed wind turbines generating 3,247 megawatts last year, up from 2,659 megawatts in 2001. Accumulated wind energy capacity in Germany totalled around 12,001 megawatts by the end of 2002.

Germany is by far the largest wind power market ahead of the United States and Spain. Wind energy is a fast growing power sector worldwide as countries try to bring down green house gas emissions, which scientists say cause global warming.

Annual sales in the German wind energy sector reached 3.5 billion euros ($3.75 billion) in 2002, the BWE said.

German privately owned wind turbine maker Enercon had 34 percent of the market, up from 28.5 percent in 2001, data showed.

The market share of Denmark's Vestas (VEST.CO) - the world's biggest wind turbine maker - fell to 17.8 percent, from 19.5 percent, while GE Wind Energy (GE.N) had a slice of 13.1 percent.

German-Danish Nordex' (NDXG.F) market share fell to 8.7 percent from 10.4 percent a year ago and Danish NEG Micon's (NEG.CO) share fell to 8.3 percent from 11.4 percent in 2001.

BWE said last year's rise in installed wind turbines boosted the potential share of wind power in Germany's overall electricity consumption to 4.7 percent from three percent in 2001.

Nuclear and coal-fired plants still make up the giant share of Germany's annual power production of roughly 550 terawatt hours.

© Thomson Reuters 2003 All rights reserved

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