MADRID - Shares in Europe's biggest quoted wind turbine companies Vestas Wind Systems, NEG Micon and Gamesa rose last week thanks to a report estimating the global wind power market would grow by 11 percent a year between now and 2007.
Shares in Vestas added 2.9 percent, NEG tacked on 3.6 percent and Gamesa gained 2.4 percent by 1200 GMT.
The growth forecast is lower than windpower consultancy BTM's last five-year estimate a year ago but even so wind power production is expected to rise 24 percent this year alone and by 2012 should account for two percent of world electricity consumption.
"Gamesa's rise is related to this news," said Mariano San Martin, a trader at Spanish broker Ibersecurities.
Danish companies Vestas and NEG Micon rank first and third among world wind power producers with Germany's privately-owned Enercon second and Gamesa fourth.
http://www.planetark.com/avantgo/dailynewsstory.cfm?newsid=20245
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Climate change is now constantly in the news. Those of us who have worked on this issue for years suddenly feel less lonely...But many people are now suddenly feeling overwhelmed by the information overload. This blog is a very personal selection of significant news. Rather than repeat what can be found elsewhere, I try to provide new angles, or talk a bit about things that haven't been reported much in the mainstream press.
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- Germana Canzi
- Independent climate and energy consultant and writer. This is my old blog. You can now find me at germanacanzi.eu