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One million people will be employed in the world wind-power industry by the end of the decade, despite the impact of the financial crisis, it was forecast today.

Amid predictions that the world would need to install one new turbine every 25 minutes to reach global renewables targets, energy experts at a green summit in Abu Dhabi said the sector had maintained a near 30% annual growth rate in 2008 and was heading for further success.

“It has been another record year for the industry. People say these growth rates can’t go on forever, but they keep on going on,” said Steve Sawyer, secretary general of the Global Wind Energy Council. There had been “dramatic” increases in the US and China, with the former overtaking Germany as the country with the most installed capacity, he told the World Future Energy Summit.

The latest estimates also suggest that Europe has been overtaken as the primary region for wind power.

There were now 400,000 people working in the wind-energy sector worldwide and this would increase enormously in future, Sawyer said. “We would expect it to reach one million by the end of the decade at least.”

According to some projections, the Council said, up to 3 million people could be employed within the industry by 2050.

Danish wind turbine producer Vestas’ total investment in its Vestas China subsidiary is expected to exceed $350 million next year, reports zgfdw.com. The subsidiary is located in Tianjin’s Binhai District, home to nearly 30 wind power producers, including equipment provider Hansen Transmissions and turbine blade maker LM Glasfiber. A one-square-kilometer wind equipment industrial park is currently under construction in the district, said the report.

RUSSELS, Jan 20 (Reuters) – Employment in the wind power industry will more than double in the European Union to around 330,000 in 2020, according to a report issued on Tuesday.

The European Wind Energy Association (EWEA) also called for greater investment in the renewable energy sector as governments seek to stimulate economic recovery.

“Wind power not only has the potential to satisfy the increasing electricity demand in a sustainable manner, it is also a significant and vital stimulus to economies,” EWEA Chief Executive Christian Kjaer said.

About 12 percent of European Union electricity is expected to come from wind power by 2020 as part of the bloc’s plan to fight climate change and to curb dependence on imports of gas and oil from exporters like Russia.

“Russia plays with the taps every New Year,” said Kjaer. “It’s not going to get any easier, and we can’t carry on handing all this wealth to a handful of fossil fuel exporting nations.”

The wind energy sector directly employed 108,600 people in 2007, with 59 percent of them in turbine and component manufacturing and the rest largely in installation, maintenance, project development and research, the EWEA report said.

A further 42,700 people were indirectly employed.

Germany, Spain and Denmark, home to several companies that pioneered the technology, have benefited from three-quarters of this employment, much of it focused in areas like Denmark’s Esbjerg and Spain’s Navarre region.

Kjaer predicted the sector would be one of the first to emerge from the current economic crisis, as it provided an attractive risk profile for investors who recently lost money on risky investments.