Sales of small wind turbines up in 2009
AWEA - June 8, 2010
The U.S. market for small wind energy systems is prospering, expanding
15% in 2009 and accounting for about half of the units sold in the
entire world, the American Wind Energy Association said today,
highlighting findings from its annual Small Wind Turbine market study.
Small wind systems are defined as those with rated capacities of 100
kilowatts (kW) or less, and are used primarily to power individual
homes, farms, and small businesses.
“Americans and people around the globe want to take control of their
energy future, and investing in a small wind turbine to generate your
own electricity is one of the most rewarding ways to do so,” said AWEA
CEO Denise Bode. “Wind works for people and for our planet in many
different ways.”
“Federal and state incentives now make it much more affordable to invest
in a small wind turbine, and the market expanded in 2009 thanks largely
to those incentives, optimistic investors, and popular demand,” said
AWEA Manager of Small Wind Systems and Legislative Affairs Ron Stimmel,
author of the report. “We’ve also seen domestic manufacturing investment
grow, with nine small wind turbine production facilities opened or
expanded in the U.S in 2009. The U.S. small wind turbine market is by
far the world’s largest, both in terms of installations and of
manufacturing.”
Among key findings of the study:
- The U.S. small wind turbine market grew 15% in 2009, with
9,800 units sold and 20.3 megawatts (MW) of new generating capacity;
- An estimated 100,000 small wind turbines are now installed in the
U.S., bringing total small wind generating capacity to the 100-MW
milestone;
- The U.S. market is the world’s largest -- about half of all units and
capacity added worldwide in 2009;
- The U.S. is the world’s leading manufacturer of small wind turbines:
about two-thirds of all small wind systems sold in the world last year
were made by U.S. manufacturers.
- The 2009 American Recovery and Reinvestment Act (ARRA) expanded the
federal Investment Tax Credit (ITC) for small wind turbines in 2009,
allowing consumers to take 30% of the total cost of a small wind system
as a tax credit. The ITC was perhaps the most important factor in last
year’s small wind turbine market growth.
- In 2009—during the height of the economic recession--$80 million of
private equity was invested into small wind turbine manufacturing
companies, boosting to over $250 million the total equity invested over
the past five years. This investment helped manufacturers increase
production, lower costs, meet sustained demand, and even acquire
competitors.
For a copy of the full report see:
http://www.awea.org/smallwind/pdf/2010_AWEA_Small_Wind_Turbine_Global_Market_Study.pdf
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AWEA is the national trade association of America’s wind industry, with
more than 2,300 member companies, including global leaders in wind power
and energy development, wind turbine manufacturing, component and
service suppliers, and the world’s largest wind power trade show. AWEA
is the voice of wind energy in the U.S., promoting renewable energy to
power a cleaner, stronger America. Look up information on wind energy at
the AWEA Web site: http://www.awea.org
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