Loading ...
Sorry, an error occurred while loading the content.

News from AWEA: Quarterly market release with year-end figures

Expand Messages
  • Christine Real de Azua by way of Tom Gr
    American Wind Energy Assocation Date: January 27, 2005 Contact: Kathy Belyeu (202) 413-2607 Ryan Wagner (202) 828-9726 U.S. WIND INDUSTRY CONTINUES EXPANSION
    Message 1 of 1 , Jan 27, 2005
    • 0 Attachment
      American Wind Energy Assocation
      Date: January 27, 2005
      Kathy Belyeu (202) 413-2607
      Ryan Wagner (202) 828-9726

      Over 20 New Projects Added in 2004 Despite Incentive Uncertainty

      The U.S. wind energy industry turned in a solid performance in 2004, adding
      389 megawatts (MW) of new generating equipment to the nationwide fleet, or
      enough to serve more than 100,000 average homes, according to the
      Washington, D.C.-based American Wind Energy Association (AWEA).

      Total new additions were down sharply from the highs in the boom years of
      2001 (1,696 MW) and 2003 (1,687 MW). At year's end, the trade group said,
      utility-scale wind installations in 30 states across the country totalled
      6,740 MW, enough to serve more than 1.6 million households.

      The small but burgeoning industry is hard at work planning projects that
      should make 2005 a record year in terms of new wind generating capability
      in the U.S. According to AWEA, over 2,000 MW of new wind power capacity is
      likely to be added during the coming year, or enough to power more than
      540,000 homes. The most recent extension of the federal wind energy
      production tax credit (PTC) by Congress in October, 2004, teed up 2005 for
      an impressive growth spurt, which will bring economic development activity
      in rural areas, more diversity to the nation's generating mix to reduce
      fuel price volatility, and clear environmental benefits to a nation that
      continues to demand new electricity sources.

      AWEA executive director Randall Swisher said the association will continue
      to push for a multi-year extension of the existing PTC. Under current law,
      the credit will expire at the end of 2005, which could becalm the industry
      yet again. "The short-term duration of the federal production tax credit
      (PTC) and its repeated expirations -- three in the past six years -- are
      keeping this industry from reaching its potential to supply the nation with
      clean, domestic electricity," he said.

      Highlights of the current wind energy market outlook, according to AWEA,

      Ø Wind farms already in place and those that will be installed by the
      end of 2005 could save over half a billion cubic feet (Bcf) of natural gas
      per day in 2006. Using conservative growth estimates of 3,000 MW installed
      every two years for the next four years, the U.S. could top 15,000 MW of
      installed wind power capacity by the end of 2009, which would save nearly
      0.9 Bcf/day by the end of this decade. Natural gas shortages and price
      volatility have become an increasingly familiar part of the national energy
      scene over the past few years.

      Ø In 2004, seven states plus the District of Columbia passed
      renewable portfolio standard (RPS) legislation requiring utilities to
      provide a certain minimum amount of power from renewable sources such as
      wind and solar, bringing the total to eighteen states and the
      District. The citizens of Colorado made it the first state to pass an RPS
      by popular referendum, endorsing a measure under which Colorado's top
      utilities must obtain 10% of the state's power needs from renewables by 2015.

      Ø Wind power continues to attract global power companies. In
      September, international power plant developer AES Corp. announced its
      first step into the U.S. wind market, an equity investment in US Wind
      Force. AES also announced on January 11 that it plans to follow that
      investment up with the purchase of SeaWest Holdings, a large West-coast
      wind project developer. The main reason cited for the SeaWest deal was
      that the company sees strong potential in wind as a new and expanding
      source of electricity. Global power generation giant Siemens announced in
      October that it would purchase wind turbine manufacturer Bonus Energy
      A/S. The company said it decided to become a wind turbine manufacturer to
      merge Bonus's well-regarded technology with Siemens' experience with
      large-scale utility projects.

      Ø More than 500 utilities in 34 states now offer green pricing
      programs, according to the National Renewable Energy Laboratory (NREL), and
      over 1,500 MW of wind power are currently serving the green power market
      (generating electricity equivalent to the needs of 400,000 homes).

      Ø Project announcements for 2005 are rolling in. Four of the top
      five largest projects announced for construction this year are 200 MW or
      larger, including the 240-MW Flat Rock Phase I project in New York, the
      220-MW Wild Horse project in Washington, the 200-MW Forward Wind Power
      project in Wisconsin, and the 200-MW Fenton project in Minnesota.

      A state-by-state listing of existing and proposed wind energy projects is
      available on AWEA's Web site at http://www.awea.org/projects/index.html .


      AWEA, formed in 1974, is the national trade association of the U.S. wind
      energy industry. The association's membership includes turbine
      manufacturers, wind project developers, utilities, academicians, and
      interested individuals. More information on wind energy is available at
      the AWEA web site: www.awea.org .

      Christine Real de Azua
      Assistant Director of Communications
      American Wind Energy Association
      Direct phone: (202) 383-2508
      Fax: (202) 383-2505
      Email: Christine@...
      Web: www.awea.org

      . Please feel free to send your input to:
      .. To view previous messages from the list,
      subscribe to a daily digest of the list,
      or stop receiving the list by e-mail
      (and read it on the Web), go to
      http://www.yahoogroups.com/group/awea-act .
      . This e-mail discussion list is managed by
      the American Wind Energy Association (AWEA):
      http://www.awea.org .

      http://www.awea.org .

      Yahoo! Groups Links
    Your message has been successfully submitted and would be delivered to recipients shortly.