Despite the near-term market uncertainty created by the financial crisis, the longer-term prospects for the US wind industry remain strong. While the rapidly growing U.S. market – expanding at an average annual rate of 40% — has slowed to pre-2008 levels, a recent market study from Emerging Energy Research, Cambridge, Mass. (emerging-energy.com) expects the market to bounceback starting in 2010.
While the next year or two may prove difficult to weather for U.S. wind companies across the value chain, the study says accelerating federal policy momentum and a growing focus on renewable-energy and its transmission lines are setting a stage for tremendous long-term growth potential once liquidity returns to the financial sector.
EER’s study, U.S. Wind Power Markets and Strategies, 2009-2020, provides 270 pages of analysis of the U.S. wind industry with market forecasts to 2020, market trend analysis, and strategies of key players competing for U.S. wind including utilities, developers, IPPs, wind turbine OEMs, and component manufacturers. Key trends addressed in the study include:
• New stimulus financing options create near-term uncertainty, but long-term potential
• Federal policy accelerating toward a national RPS
• Developers position to weather near-term challenges for long-term growth
• Inter-state transmission build-out remains crucial to long-term growth
• US wind growth likely before exploding over the long term
An executive summary is available at http://tinyurl.com/eerrep
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