Gold Hill Resources Inc. (fka GULD)

[Rhubarb]

Wind Energy Market
Global wind energy capacity grew by 28.8% last year, even higher than the
average over the past decade, to reach total global installations of more
than 120, 800 MW (120.8 gigawatts (GW)) at the end of 2008. Over 27,000
MW (27 GW) of new wind power generation capacity came online in 2008,
36.4% more than in 2007.

Wind energy is now an important player in the world’s energy markets.
The global wind market for turbine installations in 2008 was worth about
36.5bn EUR or 47.5bn US$. “This is now a business from which it is clearly
possible to make a secure and profitable return.” Global Wind Energy
Council (GWEC) Report.

“Wind power is often the most attractive option for new power generation
in both economic terms and in terms of increasing energy security, not to
mention the environmental and economic development benefits. Volatile
fossil fuel prices and unreliable supply policies from fossil fuel rich
countries increase the risk of relying on conventional sources for power
production,” said GWEC’s Chairman, Prof. Arthouros Zervos. “The wind
industry also creates many new jobs: over 400,000 people are now
employed in this industry, and that number will be in the millions in the
near future. The leading markets in terms of new installed capacity in
2008 were the US and China. New US wind energy installations totalled
8,358 MW for a total installed capacity of 25,170 MW. The US has now
officially overtaken Germany (23,902 MW) as number one in wind power.
Europe and North America are running neck-to-neck, with about 8,900 MW
(8.9 GW) each of new installed capacity in 2008, with Asia closely
following with 8,600 MW (8.6 GW).”

US MARKET
The massive growth in the US wind market in 2008 increased the nation’s
total wind power generating capacity by 50%. The new wind projects
completed in 2008 account for about 42% of the entire new power producing
capacity added in the US last year, and created 35,000 new
jobs, for a total of 85,000 employed in the sector in the US.

ASIAN MARKET
The growth in Asia's markets has also been breathtaking; close to a third
of all new capacity in 2008 was installed on the Asian continent. In
particular, the wind energy boom is continuing in China, which once again
doubled its installed capacity by adding about 6,300 MW (6.3 GW),
reaching a total of 12,200 MW (12.2 GW).

In its response to the financial crisis, the Chinese government has
identified the development of wind energy as one of the key economic
growth areas. "In 2009, new installed capacity is expected to nearly
double again, which will be one third or more of the world's total new
installed capacity for the year," said Li Junfeng, Secretary General of the
Chinese Renewable Energy Industry Association (CREIA).
At this rate, China would be well on its way to overtake Germany and
Spain to reach second place in terms of total wind power capacity in 2010.
China would then have met its 2020 target of 30,000 MW (30 GW) ten
years ahead of time.


EUROPEAN MARKET
In Europe, almost 8,900 MW (8.9.GW) worth of new wind turbines brought
total wind power generation capacity up to nearly 66,000 MW (66 GW).
This makes wind power the leading power source for new generation
capacity, according to the European Wind Energy Association (EWEA).
While in the past, European growth was primarily spurred by the
established markets in Germany, Spain and Denmark, 2008 saw a much
more balanced expansion, led by France, the UK and Italy.
"The European figures show that wind energy is the undisputed number
one choice in Europe's efforts to move towards clean, indigenous
renewable power”, said Christian Kjaer, CEO of EWEA. “Wind energy is an
example of an intelligent investment that puts EU citizens’ money to work
in their own economies rather than transferring it to a handful of fuelexporting
nations”, commented Kjaer. “Investing in wind energy means
supporting technology leadership, climate protection, energy
independence, commercial opportunities and jobs.”


A company and industry with a future, GSEA