Domestic Wind Market Strong In 2012
Starting Off The Year With 3 New Wind Farms
USA Wind Energy in 2012 has gotten off to a flying start with the announcement of 3 new wind farms.
BP and Sempra announced two new wind farms with 560 MW capacity and a $1 billion investment, and a Spanish company will build a 189 MW wind farm.
GE will provide the turbines to the BP Wind Farms while Accionia wind turbines will be used by the Spanish company. Note there is a severe competition in the Wind Turbine space with the biggest wind company Vestas facing a possible bankruptcy or consolidation in the future. However wind farm developers are having a good time at the expense of the wind equipment companies as prices of wind turbines have plummeted to very low levels. And wind energy continues to be installed despite gas prices touching new lows below $3 /mmbtu as Utilities look to meet the RPS mandates and possible carbon prices in the future.
**Abhishek Shah is a computer engineer (NIT Warangal) and MBA (IIM Calcutta) by education with interests in technology, renewable energy and finance. He also writes about globalization, poverty, income inequality, corruption, and macroeconomics. By day, Abhishek works as an analyst with a green and technology focused investment fund. You can read more from Abhishek here.