Europe’s wind farm crown slips

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http://www.ft.com/cms/s/0/e2412f98-d5a1-11dc-8b56-0000779fd2ac.html

Europe’s wind farm crown slips

By Fiona Harvey and Rebecca Bream in London
Published: February 7 2008 17:42 | Last updated: February 7 2008 17:42

More than half the world’s new wind farms were built outside Europe last year, the first time this has occurred.

Research by the Global Wind Energy Council showed that, although Europe remains the world’s biggest generator of wind energy, its position is being eroded as growth speeds up in the US and China.

“Europe used to be the only real market in the world for wind energy but other regions have caught up,” said Mortimer Menzel, partner at Augusta and Co, an investment bank.

The report found that, while Germany still has the most installed wind energy capacity in the world, the US is set to overtake it by the end of next year. Spain is hard on the US’s heels, and India and China are far ahead of many developed countries, in fourth and fifth place respectively.

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