Small wind heading into boom period, report says

The small wind industry is about to enter a major growth spurt. It is poised to grow from a $255 million industry in 2010 to $634 million industry in 2015, according to a recent Pike Research report. The report attributes a growing interest and expected success in the coming years to the fact that small wind is currently more efficient and, therefore, cheaper on a cost-per-watt basis than solar photovoltaic cells. Because the return on investment can take as little as 5 years to 10 years, depending on area wind conditions, it offers an accessible option to small businesses, farms, and communities even in the absence of state or federal incentives, according to the report. But perhaps the most interesting statistic thrown out there by Pike Research is that it expects the average price of a small wind turbine system to reach $4,150 per kilowatt by 2015.

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

Darfon G320 Microinverter

Darfon G320 Microinverter

The Darfon G320 is the microinverter solution for today's high-power solar modules. The G320 handles 60- and 72-cell modules up to 350W DC and outputs up to 300W AC. The G320's 3-phase configuration accommodates the electrical distribution systems of most commercial buildings and to reduce, if not eliminate, the need for expensive transformers. The G320 comes in four voltage/phase configurations, so it can be installed in residential, commercial or utility applications.