- Language: English
- 71 Pages
- Published: July 2012
- Region: China
Wind Power Generation in the U.S.
- ID: 1283544
- April 2015
- Region: United States
- 10 Pages
- First Research
Brief Excerpt from Industry Overview Chapter:
Companies in this industry operate power generation facilities that use turbines to convert wind into electricity. Major companies include US-based Invenergy, MidAmerican Energy Holdings, and NextEra Energy, as well as EDP Renováveis and IBERDROLA (both based in Spain), Enel Green Power (Italy), and EON Climate & Renewables (Germany).
The value of the world's wind energy market is expected to grow to nearly $110 billion in 2017 from about $74 billion in 2012, according to Navigant Research. Global wind turbine capacity totals about 370 gigawatts (GW). Major sources of new wind farm development include China, Germany, the US, Brazil, India, and Canada, according to the Global Wind Energy Council. Emerging markets, primarily in Asia, Africa, and Latin America, represent new development opportunities for global wind power generators.
The US wind power generation industry includes about 200 companies that operate varying numbers of wind turbine farms.
Demand for wind power generation is driven by public support for alternative, nonpolluting renewable energy production methods, along with government incentives that encourage the production and use of renewable energy. Profitability of individual companies depends on strategically locating wind farms in geographies with sufficient wind conditions and access to electric transmission facilities. Large companies often have other energy holdings (such as traditional electricity generation plants and energy distribution operations), enjoy economies of scale in equipment purchasing, and can serve a broader geographic area. Small companies can compete effectively by promoting themselves as greener...
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