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Stimulus To Drive Wind Expansion
Houston TX (SPX) Feb 10, 2009 Wind energy companies remained among market leaders last year by posting strong gains in 2008 in spite of a major down turn in market growth. According to the American Wind Energy Association, energy produced by wind generation grew 50% and created over 13,000 new jobs in 2008. The stimulus plan passed by the House of Representatives includes the extension of $13 billion in tax credits for clean energy through 2012 and a grant program that covers 30% of the upfront costs of wind energy investments. This allows companies, like NWND, even in this tight credit market, to continue to expand their wind resources and create jobs while building America's clean energy infrastructure. "We are encouraged to see that Congress recognizes the important role that companies like NWND play in the U.S. economy," stated Maurice Stone, President of National Wind Solutions. "NWND is confidently moving forward with our strategies to create jobs while delivering clean energy solutions to America." Related Links National Wind Solutions Wind Energy News at Wind Daily
High Growth Forecasted For Wind Turbine Systems And Components Market In USA
New York NY (SPX) Feb 06, 2009In light of rising interest in developing domestic renewable energy resources, such as wind, that are cleaner and are not subject to the fuel price shocks, demand for wind turbine systems and components is expected to increase 6.8 percent per year to $10.1 billion in 2012. |
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