Wind turbine manufacturers say U.S. market will grow in time

The wind energy market in the U.S. will stay alive with or without an extension of the Production Tax Credit (PTC), say executives from eight of the largest wind turbine manufacturers with a U.S. presence. During a June 6 session focused on large wind turbines during WindPower 2012, executives from Gamesa, GE (NYSE: GE), Goldwind, Mitsubishi Power Systems, Nordex, Siemens (NYSE: SI), Suzlon and Vestas expressed that they view the U.S. wind market as a strong one.

The U.S., currently the No. 2 wind market in the world, installed 6,810 MW in 2011. This year is expected to be a record-breaking year for installations, as the expiration of the PTC requires developers to complete projects by year end. All eight executives agreed that 2012 will likely see anywhere from 9 to 12 GW of wind power installations.

Beyond 2012, the market is likely to slow, but the panelists said that won’t keep their companies from staying in the U.S.

The wind energy market could be down 80 percent next year, said Duncan Koerbel, interim CEO of Suzlon. “But Suzlon is in this for the longest of the long hauls. If you’re going to be in wind, you have to be in North America.”

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

The Solar Fastener Expert by Mudge Fasteners. Your Source for Solar Industry-Related Hardware

3M™ Extreme Sealing Tape is a family of single coated, pressure sensitive adhesive tapes designed for difficult sealing applications. The backing on this tape is an ionomer film that is very tough yet flexible and abrasion resistant. The very soft and thick acrylic adhesive has excellent sealing properties and good outdoor durability. This single coated tape is designed to seal over an existing joint, seam, or penetration. The adhesive is designed to adhere well to the ionomer film so that overlapping tape joints can be made while maintaining a strong seal. 3M™ Extreme Sealing Tape - instant sealing that rolls on fast and looks good.