27 Jun '11, 2pm

Industry Experts See German Nuclear Phaseout as a Wind Fall

Industry Experts See German Nuclear Phaseout as a Wind Fall

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 installations. The German wind power industry will need to maintain if not accelerate its current pace of development in order to meet Merkel’s nuclear replacement goal. This means many new wind turbines sprouting up across the German countryside. The most logical winner in this turn of events is Germany’s own Siemens AG (SI) . Siemens has dedicated considerable investment in developing its line of seven wind turbines models. The company boasts 7,800 turbines ins...

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

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