Wind energy market saw decreased demand in 2010
According to the Department of Energy’s, the report investment in terms of how much wind energy capacity was built and connected to the national electric grid.
In U.S. in 2010 were installed about 5 gigawatts’ worth of wind energy farms representing an $11 billion investment, according to the report.
Compare to the 10 gigawatts that were installed in 2009 in the U.S., and the 8 gigawatts in 2008, 2010 represents a decrease in wind energy installations.
“The combination of the delayed impact of the global financial crisis, relatively low natural gas and wholesale electricity prices, and slumping overall demand for energy outweighed the ongoing availability of existing federal and state incentives for wind energy deployment, resulting in a steep drop in capacity additions relative to both 2008 and 2009,” according to the
China was the world’s fastest-growing market and U.S. was still the second-fastest-growing wind energy market in the world in 2010.
Wind turbine component manufacturing in the U.S. grew in 2010 and about 68 percent of components used in U.S. wind projects installed between 2009 and 2010 were made in the U.S.
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