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Catch the Wind
20 Mar 2008
Energy business analysts Douglas - Westwood Ltd have published their World Offshore Wind Report, in which they predict that wind will see $16bn of capital expenditure in the 2008-2012 period as 4.5GW of new capacity is installed.
With just over 1.1GW of capacity currently installed, the predicted escalation of market growth will lead to an annual capital expenditure of over $5.2bn by 2012. Development and construction costs will rise by some 51% over the previous five year period.
