Question of the week: What are the next big emerging markets? Steve Sawyer GWEC CEO replies



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Wind Power Monthly

Last month, Senvion CEO Andreas Nauen said the "exotic" markets of America, India and Korea will drive growth in the offshore industry, but what will be the new emerging markets of the onshore industry?

Besides China, global growth in the wind industry is now being driven by Brazil, Mexico and South Africa. But what's next?

Needless to say, most of the growth in the coming years will come from Africa, Asia and Latin America.

In Africa, beyond Ethiopia and South Africa, we can see markets developing in Kenya, Tanzania and Mozambique. There are signs of potential new markets in West Africa: Senegal, Nigeria and Ghana; and of course Egypt and Morocco will be the major markets in the northern part of the continent.

In Latin America, beyond Brazil and Mexico, Uruguay and Chile are starting to move, and there are early developments in Peru, and potentially Colombia and Venezuela. Panama may finally get started and small but dynamic markets are developing in Nicaragua, Guatemala, Honduras and Costa Rica.