Global Wind Power Industry Forecasts 5-Year Growth of 160%

Despite the current economic malaise and the stalemate over “capping” carbon, the global wind power industry will grow 160% between now and 2014, according to a just-released forecast from the Global Wind Energy Council. China and the US will lead the way. While the obvious investment play here is the wind turbine manufacturing crowd (Vestas, Nordex, Gamesa, etc.), the less obvious play is the group of companies that will have to build thousands of miles of new transmission lines connecting all this wind power to the grid — companies such as Siemens and ABB.