Keeping an eye on small wind power
Photo from the public domain
In these uncertain economic times one of the uncertainties faced by the electrical industry is whether the Wind Energy sector will expand and ultimately become a larger segment of distributor sales.
The earliest history of American Wind Power occurred in response to the energy crisis of the early 1970s. According to a new research report published Q3 2011, the passage of the Public Utility Regulatory Policy Act (PURPA) in 1978 allowed private companies to build new power plants relying upon renewable fuels. RDEG Market Growth: 2009-2015 Small Wind Power: Demand Drivers and Barriers, Technology Issues, Competitive Landscape, and Global Market Forecasts, produced by Pike Research, paints a fairly positive picture of projected growth. While the growth of small wind energy is expected to be greater in other geographic markets, North America is projected to enjoy more than a 400% increase in Renewable Distributed Energy Generation (RDEG) capacity between 2009 and 2015, reaching over 2,200 MW by 2015 (http://www.pikeresearch.com/wordpress/wp-content/uploads/2011/09/SWIND-11-Executive-Summary.pdf ). The report credits three key trends that will propel further growth in the Small Wind sector:
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Wind Power without the BladesDo you see your business expanding in the next two years?
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| Yes, we predict incredible growth (32%) |
| Yes, our business continues to grow steadily (44%) |
| No, we expect business to remain the same (20%) |
| No, the economy has greatly affected our business (28%) |
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