There is huge and growing global demand for emissions-free wind power, which can be installed quickly in locations with a sufficient, reliable wind resource. Global wind power capacity has continued to grow at an average cumulative rate of over 30% and has grown into an important generation source in many of the world’s energy markets.
IFC invests in emerging market-based manufacturers of wind turbines and components that have the potential to reduce costs and build scale across the wind value chain. By supporting these fledgling private sector enterprises, IFC is helping the industry to reach grid parity, provide cleaner energy and create manufacturing employment and income in emerging markets.
IFC also invests in grid-tied wind generation projects in countries with suitable wind resources and regulations that support private sector investment in power generation.