Wind energy in Denmark: high record in exports

Backed by rising exports, the Danish wind energy sector beat expectations to register healthy growth in 2010, the Danish Wind Industry Association announced in connection with the annual meeting on March 30th.

Sectoral revenues rose by 8.3 percent in 2010, corresponding to 55.3 billion Danish kroner (10.44 billion U.S. dollars), up from 51.1 billion Danish kroner (9.64 billion dollars) in 2009.

Meanwhile, the wind turbines sector’s exports rose 11 percent, earning 46.2 billion Danish kroner (8.72 billion dollars) in 2010, up from 41.7 billion Danish kroner (7.87 billion dollars) the previous year, indicating that overall sectoral growth is strongly-pegged to export strategies.

The figures represent a record, with the wind power industry accounting for 8.5 percent of Denmark’s total exports in 2010. European markets were the primary destination, but non-European wind farm markets were also important buyers.

Barring negative growth in 2003 and 2009, the Danish wind sector has grown by an annual average of 16 percent between 2000 and 2010. It is predicted that 2011 will have a "moderate growth" in revenue and exports for Danish wind energy companies.