24 billion Euros of fuel costs avoided from wind energy in 2015

On the eve of Global Wind Day – June 15 – the wind industry can today reveal the globally avoided fuel costs from wind energy.

In 2015 wind power will avoid 23.7 billion Euros of fuel costs – made up of 15.1 billion Euros of avoided coal costs, 6.4 billion Euros of avoided gas costs and 1.7 billion Euros of avoided oil costs to produce electricity.

In 2020 wind power will avoid 87 billion Euros of fuel costs – made up of 46 billion Euros of avoided gas costs, 27 billion Euros of avoided coal costs, almost 10 billion Euros of avoided oil costs and 4 billion Euros of avoided biomass costs to produce electricity.

These figures are based on the International Energy Agency’s data on fuel costs (IEA World Energy Outlook 2010) and Global Wind Energy Council data (GWEC, 2011, Outlook 2010) on "moderate" development of wind power with 460 Gigawatt (GW) of global cumulative wind power capacity installed by 2015. The global trend for installed wind power capacity is impressive, from 60 GW in 2005, to 120 GW in 2008 to 200 GW in 2010.

Can wind power deliver?

Every month in 2009 and 2010, the global wind turbines industry installed new wind farm capacity that can produce as much electricity as 1.2 average nuclear reactors.

Global Wind Day

On 15 June 2011, ‘Global Wind Day’, citizens from around the world can discover the power of wind energy.

There are events in countries all over the world from Argentina and Mexico to Australia and New Zealand, Japan, USA and Canada and most European countries.

Events include

Wind farm open days in Japan, Australia, Germany, Italy, and many other countries

Street stands and activities in cities in France, Bulgaria, Austria, Finland and many other countries

Photo or art competitions in Mexico, Croatia, Greece, Portugal, Poland and elsewhere

Meetings of various kinds in Argentina, Uruguay, Ukraine, Romania and elsewhere

Other activities include :

A manufacturing plant tour in Canada

Wind farm inaugurations in Belgium and elsewhere

The opening of a major new exhibition on wind energy at the Technical Museum, Berlin, Germany

A film screening in London, UK with TV personality Bill Oddie

A proclamation by the Governor of Vermont

Roundtable of industry leaders in New York for the unveiling of the new WindMade™ Wind Energy Standard