The development of 460 GW of global wind power capacity by 2015 is expected to avoid 23.7 billion euros of fuel costs, according to the European Wind Energy Association (EWEA). The total global installed capacity at the end of 2010 was approximately 200 GW, EWEA says.
The savings include 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, according to EWEA. These figures are based on data from the International Energy Agency and the Global Wind Energy Council data.
The statistics have been released on the eve of World Wind Day, which is celebrated on June 15. Global events featuring wind power will include wind farm open days, the opening of a new exhibition on wind energy at the Technical Museum in Berlin, Germany, and a gathering of industry leaders in New York for the unveiling of the new WindMade wind energy standard.