The GWEC (Global Wind Energy Council) predicts the global wind market to grow by over 155% from its current size to reach a total of 240.000 MW of installed capacity by the year 2012. This would represent an addition of 146 GW in 5 years, equaling an investment of over 180bn EUR (277 bn US$, both in 2007 value).
The electricity produced by wind energy will reach over 500 TWh in 2012 (up from 200 TWh in 2007), accounting for around 3% of global electricity production (up from just over 1% in 2007).
Windworks aims to achieve a 5% market share of newly installed capacity by 2012.
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