11 Apr '13, 4pm

The $25 Billion Impact of the Wind Industry - Greentech Media

The $25 Billion Impact of the Wind Industry - Greentech Media

In a record-setting year, the U.S. wind industry’s 28 percent growth boosted its job count back to 80,000 and had a discernible impact on the U.S. gross domestic product (GDP) by putting $25 billion in private investment to work, according to the industry’s newly released Annual Market Report . When the U.S. Department of Commerce revised its estimate of Q4 2012 GDP growth up from 0.1 percent to 0.4 percent, it noted as significant the increase in its estimate for nonresidential structures growth to 16.7 percent, up from 5.8 percent, according to IHS Global Insight (NYSE:IHS ) economists and verified by the Commerce Department’s Bureau of Economic Analysis (BEA). Electricity power sector spending alone, according to BEA statistics , accounted for almost 37 percent of Q4’s increase in nonresidential structure spending. And that sector’s numbers included the 8,385 megawatts ...

Full article: http://www.greentechmedia.com/articles/read/The-25-Billio...

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