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Wind Energy Grows 45% in 2007

| Tuesday January 22nd, 2008 | 2 Comments

American Wind Energy Association reports 45% growth in 2007The American Wind Energy Association (AWEA) reported last week record growth in wind power generation with 5,244 megawatts of capacity installed in 2007 – a 45% increase reflecting $9 billion in investment and 30% of all new power generating capacity in 2007.

2008, however, will likely show growing pains as there is a current shortage of wind turbines, a situation that the AWEA sees as a big opportunity for manufacturers and entrepreneurs wishing to get in on a growing market. There’s always a better mouse trap – wind energy technology is ripe for imaginative innovators to not only fill the current need for parts, but to continually make those parts better.

It is also time for government to step up to the plate and push forward in support of alternative energy in a big way. Congress is debating this week the future of alternative energy tax credits set to expire this year with no current provision for renewal.

While the Energy Independence and Security Act of 2007 recently signed in Congress does provide $2 billion dollars in research for alternative energy, it still pales in comparison to subsidies given the fossil fuel industry.

Farmers also have a great opportunity to capitalize on wind power generation, “growing” energy from wind and leaving their corn for food instead of ethanol. After all, not all alternative energy is created equal.

 

 

 


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  • Richard Hill

    5,244 megawatts of wind energy will produce about 16 billion kWh per year–we use about 4,000 billion kWh. Wind has yet to reach one percent of US electricity. When will you folks talk energy and not capacity? When will you talk percent of the total, not percent growth? If you have ery litle tostart with–great growth is possible.

  • http://www.awea.org Tom Gray

    Wind will reach one percent of generation this year (actually, a bit more at 48 billion kWh). That information was included in the original press release.
    One percent is indeed very small, but that’s because the U.S.’s energy use is so gigantic. Twenty percent of Denmark’s electricity is generated by wind, yet the U.S. now has more than five times as much installed wind generating capacity (nearly 17,000 MW compared with a little over 3,000 in Denmark). Further, U.S. wind generation doubled between the end of 2001 and the end of 2004–then it doubled again between the end of 2004 and the end of 2007.
    Regards,
    Thomas O. Gray
    American Wind Energy Association
    http://www.powerofwind.org
    http://www.awea.org