Category Archives: Wind

BOULDER, Colo.–(BUSINESS WIRE)–Although the North American wind energy industry lags in key areas compared to Europe and Asia, falling costs and larger, more efficient turbines are helping give rise to a sense of cautious optimism. Home to the second largest wind market in the world – the United States – the region saw a total of 5,784 megawatts of wind capacity installed in 2010. Although 2011 was another difficult year for the industry, today the region accounts for more than 22% of the world’s total installed wind capacity.According to a recent report from Pike Research, installations in the region will pass 125 GW by 2017 – more than doubling from 2011 to 2017 – with onshore installations accounting for more than 97% of that total. Overall, the cleantech market intelligence firm forecasts that approximately $145 billion will be invested in onshore and offshore wind energy installations between 2011 and 2017 in North America.

“Recovery is gradually taking hold across the wind industry in North America, and many key industry players are optimistic about the North American market as turbine costs continue to drop dramatically”

“Recovery is gradually taking hold across the wind industry in North America, and many key industry players are optimistic about the North American market as turbine costs continue to drop dramatically,” says research analyst Dexter Gauntlett. “However, the uncertainty surrounding the extension of the production tax credit in the U.S. continues to prevent the country from reaching its full potential. The United States produces enough electricity from wind energy to power 10 million homes – but there is still plenty of room to grow. Wind still accounts for only 2.3% of total electricity generation in the United States, compared with around 20% of total generation in some countries.” Continue reading →