07 Jun '12, 4pm

Wind Turbine Manufacturers Say U.S. Market Will Grow in Time

Wind Turbine Manufacturers Say U.S. Market Will Grow in Time

The U.S., currently the No. 2 wind market in the world, installed 6,810 MW in 2011. This year is expected to be a record-breaking year for installations, as the expiration of the PTC requires developers to complete projects by year end. All eight executives agreed that 2012 will likely see anywhere from 9 to 12 GW of wind power installations. Beyond 2012, the market is likely to slow, but the panelists said that won’t keep their companies from staying in the U.S. The wind energy market could be down 80 percent next year, said Duncan Koerbel, interim CEO of Suzlon. “But Suzlon is in this for the longest of the long hauls. If you’re going to be in wind, you have to be in North America.” Goldwind, whose business is focused mainly in China, has increased its market share in the U.S. in recent years. “We’re looking to the U.S. as the place to expand first because it’s one of th...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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