Strong growth in the U.S. wind energy industry accelerated during the first quarter of 2015, with a near-record 13,600 megawatts (MW) of generating capacity under construction across 100 projects in 23 states. This bumper crop of new wind projects will be on display in less than three weeks when over 8,000 are expected to join…
Wind booms in China and rebounds in U.S. with full pipeline
China continued to deploy wind power at a remarkable rate, installing an estimated 23.3 gigawatts (GW) in 2014, a 45% increase over 2013. China accounted for 45% of the 51 GW installed globally in 2014, representing $94.6 billion in revenue. This is the most wind ever installed by a single country in a single year,…
American wind energy rebounded in 2014; “wind rush” underway in Texas
American wind industry jobs and turbine deployment regained momentum heading into 2015, the American Wind Energy Association (AWEA) reported in releasing its 2014 results in the U.S. Wind Industry Annual Market Report. The U.S. wind industry added 23,000 jobs in 2014, boosting the sector’s total to 73,000 jobs. 2015 began with 12,700 MW of wind…
New report: North America wind power outlook for 2015
MAKE expects another strong year for North America in 2015 with more than nine gigawatts (GW) of wind power additions, buttressed by higher growth in the U.S. that offsets a slight annual decline in Canada. A late 2014 extension of the U.S. Production Tax Credits (PTC) helps to maintain momentum in the U.S. market through…
New report show clean energy jobs are booming in Missouri
As Governor Jay Nixon and state lawmakers prepare Missouri’s new energy plan, a first-of-its-kind report recently released shows that the state’s vibrant and growing clean energy industry employs nearly 40,000 workers at more than 4,400 establishments. “Clean Jobs Missouri,” and the associated www.cleanjobsmissouri.org website, were commissioned by non-partisan groups Missouri Energy Initiative and Environmental Entrepreneurs,…
Americans overwhelmingly support extending renewable energy incentives, says national poll
While members of Congress appear divided on whether or not to extend federal incentives for clean energy, their constituents are not, according to a national poll of U.S. homeowners commissioned by Clean Edge, Inc. and SolarCity, and conducted by national polling firm Zogby Analytics. In the second annual survey, 74% of Americans polled favored continuing…
Market grows for wind energy as leading U.S. brands lock in low prices
As the cost of wind energy has dropped by more than half in just five years, there has been a steady increase in U.S. businesses, governmental agencies, and universities making direct investments in wind power to lock in low prices and reduce their carbon footprints. “Successful brands and businesses increasingly see low-cost wind power as…
Revenue from energy storage technologies expected to exceed $21 billion annually by 2024
A new report from Navigant Research analyzes the global market for energy storage enabling technologies (ESETs) across four distinct market segments: utility-scale storage, community storage, residential storage, and commercial storage, including global market forecasts through 2024. The supporting technologies associated with energy storage systems include power conversion (primarily focused on inverters), system-level software and controls,…
Pattern Energy increases annual CAFD per share growth target to 12-15%
Pattern Energy Group Inc. announced it has increased its growth target for cash available for distribution (CAFD) per share to a compound annual growth rate (CAGR) of 12-15% for the next three years. Pattern Energy also announced it has entered into definitive agreements to acquire three wind power facilities for a total combined equity purchase…
Nordex targets profitable double-digit growth in 2015
On the basis of its audited consolidated financial statements which have now been released, Nordex confirms the preliminary figures for 2014 reported in February. According to these figures, the group increased its sales by some 21% to EUR 1,734.5 million in 2014 (2013: EUR 1,429.3 million), with earnings before interest and taxes rising by 76%…
Renewable energy investments bring growth and new business to Illinois
More than 400 Illinois companies serve wind power and solar energy markets, providing more than 20,000 jobs to people across the state who are manufacturing, financing, designing, engineering, installing, and maintaining renewable energy projects here and across the region. These were the findings of a recent study released by the Environmental Law & Policy Center…
Non-hydro renewable electricity grows 11% in 2014, with wind up by 8.3%
According to the U.S. Energy Information Administration (EIA)’s latest “Electric Power Monthly” report, with data through the end of 2014, net electrical generation from non-hydro renewable energy sources (i.e., biomass, geothermal, solar, wind) increased by 10.9% over the previous year. The contribution to net electrical generation by just solar more than doubled (102.8%), while wind…
Wind was largest source of new electricity in 2014
American wind power added significantly more new electricity than any other resource in 2014, according to U.S. Department of Energy data. Wind power generated 4.4% of all the electricity in America in 2014 and maintained its position as the fifth largest electricity source in the U.S., according to the latest data from the U.S. Department…
Nordex continues double-digit growth, significantly increasing consolidated net profit
According to preliminary figures, the Nordex Group increased its sales by some 21% in 2014 to EUR 1,734.5 million (2013: EUR 1,429.3). Nordex has, therefore, reached the upper end of the guidance range, which the Management Board had most recently revised upwards in November 2014. With a margin of 4.5%, EBIT also matched the Company’s…