08 Apr '11, 11am

US wind market troubled by weak energy prices and policy uncertainty

America's wind power industry grew 15 per cent last year, according to a new industry report which warned that the sector's expansion was held back by weak electricity prices and unpredictable policies. The American Wind Energy Association (AWEA) yesterday unveiled its US annual report, showing that 5,116MW of new capacity was added last year, taking the total volume of US installations to 40,181MW, now generating enough electricity to power more than 10 million homes. FURTHER READING Senate rejects latest attempt to scupper EPA greenhouse gas rules GE plunges $600m into "most efficient" solar PV panel However, despite the increase in capacity, last year's growth was significantly lower than the average 39 per cent growth rate recorded in the previous five years. The sector blamed weak electricity prices and investor uncertainty caused by doubts over whether key federal ta...

Full article: http://www.businessgreen.com/bg/news/2042043/wind-market-...

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