[Sustain] Fwd: Fwd: Wind Power Growth Blows Past Projections

Thu Apr 10 18:42:36 PDT 2008

This is great news for renewable energy. They are 
finally admitting it can make a difference and 
exceed expectations.  Why do I worry that the 
renewal of the production tax credits, due to 
expire the end of this year, stand any chance of running in to obstacles?

Maybe I'm just gun shy, and they will sail right 
through without ANY problems!  Couldn't hurt to 
write our legislators and call for the continuation of wind power tax credits.

Hopefully,

Don

>Begin forwarded message:
>>From: Darcey Rakestraw 
>><<mailto:DRakestraw at worldwatch.org>DRakestraw at worldwatch.org>
>>Date: April 10, 2008 5:23:07 AM PDT
>>To: Darcey Rakestraw 
>><<mailto:DRakestraw at worldwatch.org>DRakestraw at worldwatch.org>
>>Subject: Wind Power Growth Blows Past Projections
>>
>>FOR IMMEDIATE RELEASE
>>
>>Thursday, April 10, 2008
>>
>>Contact: Darcey Rakestraw
>>
>>(+1) 202.452.1992 x517
>>
>><mailto:drakestraw at worldwatch.org>drakestraw at worldwatch.org
>>
>>Wind Power Growth Blows Past Projections
>>
>>Washington, D.C.—Global wind power capacity 
>>rose 27 percent in 2007 to more than 94,100 
>>megawatts, led by capacity additions in the 
>>European Union, the United States, and China, 
>>according to the latest 
>><http://www.worldwatch.org/node/5448>Vital Sign 
>>Update from the Worldwatch Institute.
>>
>>New wind installations were second only to 
>>natural gas in the United States as an 
>>additional source of power capacity and were 
>>the leading source of new capacity in the EU. 
>>In China, the estimated 3,449 megawatts of wind 
>>turbines added last year propelled China past 
>>the government’s ambitious wind power target for 2010.
>>
>>The addition of a record-breaking 5,244 
>>megawatts of wind capacity in the United States 
>>in 2007—enough to power 4.5 million U.S. 
>>homes—was driven by the federal production tax 
>>credit and by renewable energy mandates in 25 
>>states and the District of Columbia. The 
>>nation’s wind capacity now totals 16,818 
>>megawatts, second only to Germany. The 
>>production tax credit is set to expire at the 
>>end of this year. “If Congress acts quickly to 
>>extend the tax credit, the U.S. will likely 
>>pass Germany to lead the world in wind power 
>>within the next two years,” according to Janet 
>>Sawin, a Worldwatch senior researcher and the author of the update.
>>
>>Germany remains the world leader in wind power 
>>capacity, with almost 24 percent of the global 
>>total (22,247 megawatts), but it experienced a 
>>lackluster year in 2007. Still, renewable 
>>energy resources now generate more than 14 
>>percent of Germany’s electricity needs, with 
>>about half of this coming from wind. Spain led 
>>Europe in new installations in 2007, now 
>>ranking third worldwide in total wind capacity 
>>(15,145 megawatts). France, Italy, Portugal, 
>>and the United Kingdom all experienced 
>>significant growth last year as well. In all, 
>>EU wind power capacity rose 18 percent in 2007, 
>>and the region is home to 60 percent of global installed capacity.
>>
>>China was the biggest surprise in 2007. Barely 
>>in the wind business three years ago, China 
>>trailed only the United States and Spain in new 
>>wind installations in 2007, and ranked fifth in 
>>total installed capacity (6,050 megawatts). 
>>However, an estimated one-fourth of this 
>>capacity remains unconnected to the grid due to planning problems.
>>
>>This explosive growth occurred amidst a 
>>backdrop of serious turbine shortages, a 
>>challenge that is expected to be ameliorated 
>>sometime in 2009. Despite higher costs due to 
>>turbine shortages, rising material costs, and 
>>increased manufacturing profitability, wind 
>>power remains competitive with new natural gas 
>>plants, and all conventional power plants have 
>>seen similar construction-cost increases. Wind 
>>power will become increasingly competitive with 
>>coal as more countries put a commodity price on carbon.
>>
>>The global wind market was worth an estimated 
>>$36 billion in 2007, accounting for almost half 
>>of all investment in new renewable electric and 
>>heating capacity. As many as 200,000 people are 
>>now employed in the wind industry worldwide. 
>>These numbers will only rise in the coming 
>>years as the EU seeks to meet aggressive 2020 
>>targets for renewables and as the United 
>>States, China, and other nations realize their 
>>enormous potential for wind power.
>>
>>“The wind industry has consistently blown by 
>>past projections,” says Sawin, “and it will 
>>likely continue to do so for years to come.”
>>
>>—END—
>>
>>
>>Note to Editors:
>>
>>To obtain the text of the full Update, visit 
>><http://www.worldwatch.org/node/5448>http://www.worldwatch.org/node/5448.
>>
>>To interview Janet Sawin, please contact Darcey 
>>Rakestraw at 
>><mailto:drakestraw at worldwatch.org>drakestraw at worldwatch.org 
>>or (+1) 202.452.1992 x517.
>>
>>Worldwatch E-mail list: If you would like to 
>>receive Worldwatch press advisories regularly 
>>or wish to be removed from this mailing list, 
>>please send your request to Darcey Rakestraw at 
>><mailto:drakestraw at worldwatch.org>drakestraw at worldwatch.org 
>>or call (+1) 202.452.1992 x517.
>>
>>About the Worldwatch Institute: The Worldwatch 
>>Institute is an independent research 
>>organization based in Washington, D.C. Through 
>>accessible, fact-based analysis of critical 
>>global issues, Worldwatch helps to inform 
>>people around the world about the complex 
>>interactions among people, nature, and 
>>economies. For more information, visit 
>><http://www.worldwatch.org>www.worldwatch.org.
>>
>>Darcey Rakestraw
>>
>>Communications Director, Worldwatch Institute
>>
>>1776 Massachusetts Avenue, NW, Suite 800
>>
>>Washington, DC 20036
>>
>>phone: 202-452-1992 x 517
>>
>>cel: 202-210-0152
>>
>>fax: 202-296-7365
>>
>><mailto:drakestraw at worldwatch.org>drakestraw at worldwatch.org
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