NewEnergyNews More: STUDY FORESEES WIND MARKET GROWTH

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  • Monday, August 30, 2010

    STUDY FORESEES WIND MARKET GROWTH

    Utility Scale Wind Turbines Market Shares, Strategies, and Forecasts, Worldwide, 2010 to 2016; Utility Grade Wind Turbines Provide Electricity at Competitive Prices
    August 2, 2010 (WinterGreen Research)

    "…[A] new study on Utility Scale Wind Turbine Market Strategy, Market Shares, and Market Forecasts [from WinterGreen Research concludes that world] markets are poised to achieve significant growth as wind electricity generation has reached cost parity with fossil fuels and demand for…electricity…[will increase with the] use of electric vehicles…

    "…[Wind] energy accounted for 62% (17 GW) of the new electricity generation capacity installed in the European Union (EU) in 2009. Rural economic development…[and] energy price stability [increase with wind, which also…[addresses] global climate change…[T]he BP oil spill has had what promises to be a long term impact on the [energy] market [and political leaders could be more inclined to favor policies that support] wind …[H]ydrogen storage and…stationary fuel cells …[could also favorably] impact [demand]…"


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    "The US government accountability office (GAO)…[found that] federal incentives for electricity between Fiscal Year (FY) 2002 and FY 2007…largely [went] to fossil fuels. About [$13.7 billion], [$13.7 billion] was provided to fossil fuels… $2.8 billion [went] to renewables…[T]his policy ratio is likely to change [as more power producers realize swind] is the most economically viable of the renewable energy sources.

    "Wind power systems have proved that they can readily be accommodated into…[existing transmission] system operations reliably and economically…[They co-fire with] natural gas systems to create a hybrid unit that operates continuously…Similar designs are evolving… that operate in combination with solar energy systems."


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    "…Electric vehicles will depend on curbside and garage based metered delivery of electricity. Electricity generated from renewable sources will [likely eventually] replace gasoline…

    "…[The] utility scale wind turbine market [was] $35.6 billion in 2009…[and is] anticipated to reach $130 billion by 2016…because the major vendors and their customers have [the needed] access to capital markets…Only natural gas will compete with the renewable sources…[for utility scale new capacity as] aging existing facilities are retired…"

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