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@worldwatch.org>DRakestraw@worldwatch.org> Date: April 10, 2008 5:23:07 AM PDT To: Darcey Rakestraw <<mailto:DRakestraw@worldwatch.org>DRakestraw@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@worldwatch.org>drakestraw@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 governments ambitious wind power target for 2010.
The addition of a record-breaking 5,244 megawatts of wind capacity in the United States in 2007enough to power 4.5 million U.S. homeswas driven by the federal production tax credit and by renewable energy mandates in 25 states and the District of Columbia. The nations 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 Germanys 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@worldwatch.org>drakestraw@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@worldwatch.org>drakestraw@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
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<mailto:drakestraw@worldwatch.org>drakestraw@worldwatch.org
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