WPNV Wind Power Industry
WIND IS FREE, IT’S RENEWABLE AND IT’S CLEAN!
“With generating capacity at over 25,000 MW, U.S. wind power already supplies enough electricity to serve the equivalent of nearly 7 million average households. Although wind power provided over 1.25% of the nation’s electricity in 2008, it is capable of providing 20% of the country’s energy by 2030.” Source powerofwind.com
The U.S. market for small wind energy systems is prospering, expanding 15% last year and accounting for about half of the units sold in the entire world, the American Wind Energy Association recently announced, highlighting findings from its annual Small Wind Turbine market study. Small wind systems are defined as those with rated capacities of 100 kilowatts (kW) or less, and are used primarily to power individual homes, farms, and small businesses.
For the last ten years worldwide wind turbine sales have grown approximately 29% annually. Wind power is now the world’s fastest growing source of energy. For the next twenty years it is expected to expand at double-digit rates.
In 2009, wind installations increased by 39% – source: American Wind Energy Association (AWEA).
The US Dept. of Energy, the American Wind Energy Association and the National Renewable Energy Laboratory believe that 20% of the nation’s electricity can come from renewable wind energy within the next twenty years. This would result in cumulative U.S. wind turbine sales of over $250 billion, which with the rate of equipment failure will add many business opportunities for the company.
