NewEnergyNews More: MORE JOBS IN WIND NOW THAN IN COAL

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  • Thursday, January 29, 2009

    MORE JOBS IN WIND NOW THAN IN COAL

    Wind jobs outstrip the coal industry
    Todd Woody, January 28, 2009 (Fortune via CNNMoney)

    "…The wind industry now employs more people than coal mining in the United States.
    Wind industry jobs jumped to 85,000 in 2008, a 70% increase from the previous year…In contrast, the coal industry employs about 81,000 workers…coal employment has remained steady in recent years though it’s down by nearly 50% since 1986…Wind industry employment includes 13,000 manufacturing jobs concentrated in regions of the country hard hit by the deindustrialization of the past two decades.

    "The big spike in wind jobs was a result of a record-setting 50% increase in installed wind capacity, with 8,358 megawatts coming online in 2008… a third of the nation’s total 25,170 megawatts of wind power generation. Wind farms generating more than 4,000 megawatts of electricity were completed in the last three months of 2008 alone."


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    "Another sign that wind power is no longer a niche green energy play: Wind accounted for 42% of all new electricity generation installed last year in the U.S. Power, literally, is shifting from the east to west, to the wind belt of the Midwest, west Texas and the West Coast. Texas continues to lead the country, with 7,116 megawatts of wind capacity but Iowa in 2008 overtook California for the No. 2 spot, with 2,790 megawatts of wind generation. Other new wind powers include Oregon, Minnesota, Colorado and Washington state.

    "But last year’s record is unlikely to be repeated in 2009…The Obama administration’s $825 billion stimulus package includes a three-year extension of a key production tax credit that has spurred the wind industry’s expansion. But given the dearth of investors with tax liabilities willing to invest in wind projects in exchange for the credits, the stimulus is unlikely to be stimulating to the industry unless the tax credit is made refundable to developers…

    "The U.S. wind industry is dominated by European wind developers and turbine makers - General Electric (GE) and Clipper are the only two domestic turbine manufacturers - and those companies’ fortunes rise and fall with the global economy. As the U.S. market has boomed, European companies have been moving production close to their customers - the percentage of domestically manufactured wind turbine components rose from 30% to 50% between 2005 and 2008…"

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