Wind Power Growth is Slowing

By Apr 9, 2010, 9:21 AM Author's Website  

Wind Power Growth is SlowingInteresting report today from the American Wind Energy Association: US wind power installed over 10 GW last year, but installations have been slowing since 2008. This may be a consequence of the Great Recession and not a trend, but it is worth watching if Wind picks up in ’10. Wind is a cash crop in Iowa, which gets the highest percent of power from wind (14%); and is a big business in Texas, which has the largest wind farms (of course! everything’s bigger in Texas). Here are suggestions on how to invest in wind, from Sustainable Business:

  • GE Energy (GE) remained #1 in US wind turbine sales
  • NextEra Energy Resources (FPL) continued to lead in wind farm ownership
  • Xcel Energy (XEL) continued to lead utilities in wind power usage.

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