"Despite the current economic turmoil, the global trend toward greater renewable energy
deployment points to a sustained period of wind turbine investment, with equipment purchases
expected to more than double by 2025, according to a study released by IHS.
Investment levels for this year will fall below their historic 2008 high, but investment will increase
from $30 billion in 2010 to more than $68 billion in 2025.
This trend corresponds with worldwide installed wind capacity rising from 188 GW to over 940 GW
during this forecast period, according to the study.
IHS expects the amount of installed wind power capacity to jump 16% this year compared to 2010."
North American wind power
1 reply to this topic
Posted 16 February 2012 - 09:08 PM
I think that an important contributor to the increased installation of wind power is also the interest rates. The combination of decreasing cost per watt and low interest rates means that the pay off interval for wind power can be quite reasonable. Were the interest rates to rise, I think that this would have some important negative effects on the rate of installations. So, in this way, I think that the poor economy is actually benefiting the growth in alternative energy production.
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