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Wind Power Turbine Installations Forecast to Rebound

 ”Wind turbine installations will bounce back in 2011 after stalling this year, according to a report from Bloomberg New Energy Finance. Turbines with an electricity-generation capacity of 45 gigawatts are likely to be erected next year, up from about 37.7 gigawatts this year, the London-based research group said today. Next year’s activity will be dominated by China, said Eduardo Tabbush, a New Energy Finance wind industry analyst. “We expect a rebound in installations for 2011 mainly driven by growth in China,” Tabbush said. “This will account for about 50 percent of annual installations that year.” A collapse in investment at the end of 2008 and start of 2009 has led to this year’s decline in installations, which lag financings, according to New Energy Finance Chief Executive Officer Michael Liebreich. Last year, about 38.4 gigawatts of turbines were installed.” Read more at http://www.bloomberg.com/news/2010-10-28/wind-power-turbine-installations-forecast-to-rebound-in-2011-after-slump.html

Print posted @ Thursday, November 18, 2010 9:30 AM

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