Environmental Engineering Reference
In-Depth Information
Table 1.3
WORLD`S LARGEST WIND TURBINE
MANUFACTURERS BY MARKET SHARE IN 2010
Vestas
Denmark
14.8%
Sinovel
China
11.1%
GE Wind Energy
US
9.6%
Goldwind
China
9.5%
Enercon
Germany
7.2%
Suzulon
India
6.9%
Dongfang
China
6.7%
Gamesa
Spain
6.6%
Siemens Wind
Germany
5.9%
United Power
China
4.2%
Source
: Bayar, T., 2011. World Wind Market: Record Installations, But Growth Rates
Still Falling, Renewable Energy World Online Edition.
number of inancial mechanisms—the Clean Development Mechanism
(CDM), the Global Environmental Facility, the World Bank Clean Energy
Fund, and a number of other overseas development assistance funds—
that developing nations can tap into to help inance a transition away from
fossil fuel energy. However, these inancial support funds will not last
forever. As more nations expand alternative energy capacity, competition
for these funds will heat up and donor agencies will be faced with diicult
choices in regard to allocation. If history is any indicator, this in turn will
result in more conditions being placed on the funds.
77
Furthermore, a stage
will inevitably be reached where international willingness to inance such
energy projects will wane. Forebodingly, a number of CDM projects are
already being rejected for not meeting the CDM condition of additionality
(that the project would not have been carried out without support from
the CDM program).
78
It appears that the market for funds is already tight-
ening. Developing nations that move quickly to take advantage of these
inancial mechanisms will gain a leg up on their developing country rivals
by procuring alternative energy generation capacity at subsidized rates.
1.6 WHEN FORCES FOR SPEED MEET THE NEED FOR SPEED
he analysis presented to this point indicates that energy market dynam-
ics are gradually shifting in favor of alternative energy technologies; and
indeed, for industrialized and developing countries alike, there are strong
emergent incentives for political leaders to embrace aggressive policies to
facilitate expedient transition. Fortuitously, the beneits associated with
