Berkeley, California - The U.S. Department of Energy released its “2008 Wind Technologies Market Report.” This report, authored primarily by Ryan Wiser and Mark Bolinger of Lawrence Berkeley National Laboratory, provides a comprehensive overview of trends in the U.S. wind power market, with a particular focus on 2008. For the fourth consecutive year, the U.S. was home to the fastest-growing wind power market in the world in 2008. Specifically, U.S. wind power capacity additions increased by 60 percent in 2008, representing a $16 billion investment in new wind projects.
The Wind Industry
In 2008 U.S. wind energy grew by over 8,500 megawatts (MW) of new wind power capacity, increasing the nation’s cumulative total by 50% to over 25,300 MW, pushing the U.S. above Germany as the country with the largest amount of wind power capacity installed, according to a new report from the American Wind Energy Assocation (AWEA).
American Recovery and Reinvestment Act
Recovery and Reinvestment Act
Now that Congress has passed and President Obama has signed the American Recovery and Reinvestment Act of 2009, how will this help to stimulate Community Wind projects? According to Denise Bode, American Wind Energy Association CEO, "the stimulus bill contains a number of provisions aimed at helping our industry continue the very strong growth in new installations and new jobs we have seen over the past few years."
The U.S. Department of Energy released its Annual Report on U.S. Wind Power Installation, Cost, and Performance Trends: 2007 inconjunction with the Lawrence Berkeley National Laboratory. According to the report, the U.S. had the fastest-growing wind power market in the world for the third consecutive year in 2007. Go wind!
A form of utility in which all users own shares. Electric cooperatives are common in rural areas that are expensive to serve because of long distances between users. Frequently, the government contributes in various ways to rural cooperatives to reduce costs to individual owners/users.