23 Jun '11, 4pm

Wind Fall | Alternative Energy Stocks

Angela Merkel’s coalition government may not have looked at the nuclear power question for anything more than a “cover your behind” solution. Nonetheless, the wind industry sees last month’s decision to phase out Germany’s nuclear power generation industry by 2022 as - no pun intended - a windfall. Policy makers say as much as half of the deficit left by the shutdown of nuclear power plants will need to be made up from other power sources, principally wind power. This is no small undertaking. A total of 21,607 wind turbines with an overall capacity of 27,214 MW were in service in Germany at the end of 2010. To replace half of the nuclear power capacity going off-line by 2022, wind installations need to increase by as much as 40% by 2022. German Wind Energy Institute (DEWI) reports that 1,551 MW of new wind power capacity was installed in 2010, well below goals for 1,900 MW...

Full article: http://www.altenergystocks.com/archives/2011/06/wind_fall...

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