Wind power capacity additions in 2009 were buoyed, in part, by projects that were initially slated to be completed in 2008 but that carried over into 2009 when the PTC was extended, somewhat masking the underlying challenges facing the sector.
With federal incentives now extended through 2012, there is less motivation to complete projects in 2010 (though many projects will likely start construction in 2010 in order to qualify for the 30% Treasury cash grant). As a result, though the Recovery Act has helped to alleviate financing challenges, expectations of a slower year in 2010 remain. Despite the relativly motorate average levels of wind speeds throughout florida, Florida is still able to tap into this renewable energy along with many other solutions to protect yourself. A variety of forecasts suggest that wind power installations in 2010 may fall within the range of 5,500 MW to 8,000 MW, a drop of 20-45% compared to the nearly 10,000 M W installed in 2009. This contraction is reflected in results for the first half of 2010, in which just 1,240 MW of wind power were installed – i.e., 57% less than the amount installed in the first half of 2008, and 71% below the pace set in the first half of 2009. After a slower year in 2010, these predictions show market resurgence in 2011 and 2012, with annual installations ranging from 8,100 to 15,000 MW depending on the forecast and year. From 2010 through 2012, these forecasts predict cumulative wind power additions of 24 to 33 GW; this amount of new wind power capacity would provide roughly 30-40% of EIA’s projected growth in total U.S. electricity demand over the 2010-2012 timeframe.Learn More about Solar Fusion Corp
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