Among key findings of the study:
* The U.S. small wind turbine market grew 15% in 2009, with 9,800 units sold and 20.3 megawatts (MW) of new generating capacity;
* An estimated 100,000 small wind turbines are now installed in the U.S., bringing total small wind generating capacity to the 100-MW milestone;
* The U.S. market is the world's largest -- about half of all units and capacity added worldwide in 2009;
* The U.S. is the world's leading manufacturer of small wind turbines: about two-thirds of all small wind systems sold in the world last year were made by U.S. manufacturers.
* The 2009 American Recovery and Reinvestment Act (ARRA) expanded the federal Investment Tax Credit (ITC) for small wind turbines in 2009, allowing consumers to take 30% of the total cost of a small wind system as a tax credit. The ITC was perhaps the most important factor in last year's small wind turbine market growth.
* In 2009-during the height of the economic recession--$80 million of private equity was invested into small wind turbine manufacturing companies, boosting to over $250 million the total equity invested over the past five years. This investment helped manufacturers increase production, lower costs, meet sustained demand, and even acquire competitors.
For a copy of the full report see
http://www.awea.org/smallwind/pdf/2010_AWEA_Small_Wind_Turbine_Global_Market_Study.pdf
Source: AWEA
| < Prev | Next > |
|---|
Latest Solar Energy News ![]() |
Latest Wind Energy News ![]() |
Latest Hydro Energy News ![]() |
Latest Bio Energy News ![]() |
Latest Green Energy News ![]() |
Latest Energy Savings News ![]() |
Latest Emissions News ![]() |
Latest Business News ![]() |