Wind's Boom And Bust
Mar 16 - Electric Perspectives
Wind power experienced a nearly record-breaking year in terms of growth in capacity last year.
That performance might not be matched in 2004, however, due to Congress's
inability to get comprehensive energy legislation passed, including a three-year
extension of the wind energy production tax credit. The credit expired on
December 31, 2003, leading to layoffs, stalled projects, and a negative
near-term market outlook, says AWEA.
Over the last five years, U.S. wind capacity has expanded at an annual
average rate of 28 percent. "The record in 2001 and 2003 shows that the
wind industry can ramp up quickly to meet the nation's power needs," said
Randall Swisher, AWEA executive director. "Our members tell us that 2004
could have been an even better year than 2003 had the [production tax credit]
extension in the energy bill gone into effect."
Other items of note:
* New wind capacity will displace emissions of 3 million tons of carbon
dioxide.
* Oklahoma, Illinois, and Ohio saw the first installations of large-scale
wind turbines.
* Both Spanish turbine manufacturer Gamesa and Indian manufacturer Suzlon
installed their first machines in the United States, in Minnesota.
* Minnesota added the most new wind power (226 MW) of any state in 2003,
behind only California and Texas in terms of total capacity.
Copyright Edison Electric Institute Mar/Apr 2004