According to a new report by Timetric’s Construction Intelligence Center (CIC), the major economies in the Americas will invest over US$792 billion in power generation projects in the coming years to increase generating capacity by 380 GW. The United States heads the 13 countries analyzed with projects valued at almost US$388 billion, followed by Canada…
How fluctuating oil prices affect everyday life
Editor’s Note: A drop in oil prices might seem like a good thing at first (cheaper prices at the pump for one), but they can also symbolize a weak global economy. Cheap oil and gas prices may also negatively impact renewables. Although as some analysts have pointed out, wind and solar energy tend to be…
Report says Wind Market to Bounce Back in 2010
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…