U.S. wind energy industry finishes 2010 with half the installations of 2009
America's wind industry built 5,115 megawatts of wind power last year, barely half of 2009's record pace, but entered 2011 with over 5,600 megawatts currently under construction - and with wind cost-competitive with natural gas for new electric generation, utilities are moving to lock in favorable rates. AWEA reported today that 3,195 megawatts (MW) of wind-powered electric generating capacity came online in the fourth quarter of 2010. That performance was below the 4,113 MW installed in the same period in 2009, but a leap from the third quarter of 2010, when only 670 MW were installed. The U.S. finished the year with a total of 5,115 MW of new wind power. Buoyed by a one-year extension of the 1603 Investment Tax Credit for renewable energy in the final days of the 111th Congress, the industry entered the new year with over 5,600 MW of electric power currently under construction, well above the same time a year earlier. Further projects are expected to start up in time to meet the new construction deadline for the tax credit, now set to expire at the end of 2011. The industry is likely to finish 2011 ahead of 2010 numbers, according to Elizabeth Salerno, AWEA Director of Industry Data & Analysis.
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