Installed US Wind Energy Capacity Grows by Record 8,300 MW (in 2008)

[jpak]

http://www.renewableenergyworld.com/rea/news/story?id=54619

The U.S. wind energy industry shattered all previous records in 2008 by installing 8,358 megawatts (MW) of new generating capacity, the American Wind Energy Association (AWEA) reported this week as it warned of an uncertain outlook for 2009 due to the continuing financial crisis.

The massive growth in 2008 swelled the nation’s total wind power generating capacity by 50% and channeled an investment of some US $17 billion into the economy, positioning wind power as one of the leading sources of new power generation in the country today along with natural gas, AWEA added. At year’s end, however, financing for new projects and orders for turbine components slowed to a trickle and layoffs began to hit the wind turbine manufacturing sector.

“Our numbers are both exciting and sobering,” said Denise Bode, AWEA's CEO. “The U.S. wind energy industry’s performance in 2008 confirms that wind is an economic and job creation dynamo, ready to deliver on the President’s call to double renewable energy production in three years. At the same time, it is clear that the economic and financial downturn have begun to take a serious toll on new wind development. We are already seeing layoffs in the area where wind’s promise is greatest for our economy: the wind power manufacturing sector. Quick action in the stimulus bill is vital to restore the industry’s momentum and create jobs as we help make our country more secure and leave a more stable climate for our children.”

The new wind projects completed in 2008 account for about 42% of the entire new power-producing capacity added nationally last year, according to initial estimates, and will avoid nearly 44 million tons of carbon emissions, the equivalent of taking over 7 million cars off of the road.

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