30 Sep '11, 7pm

Small Wind Industry Set to Triple by 2015, U.S To Dominate Two-thirds of the Market

That steady scaling will allow total installed costs to fall further, declining from about $5.40 per watt on average today to $4.10 per watt in 2015, according to the analysis . And guess what? The U.S. will continue to dominate in manufacturing and installing those units. According to the American Wind Energy Association , two thirds of all small wind systems deployed around the world are manufactured in the U.S. And in the American market, 95 percent of all turbines sold are made domestically. Small wind may not be a mega-industry, but it does provide solid economic value. During another sluggish year for economic growth in 2010, the small wind industry (turbines under 100 kW) grew 26 percent, representing $139 million in sales in the U.S. alone. The strong growth in the American market was spurred by the creation of an investment tax credit for small wind systems. Accor...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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