US wind gains speed

ICIS co-blogger Barbara Ortner told me two weeks ago that my post about the top 10 wind turbine spenders in the US are registering more than a hundred visits per day. Meanwhile, I’ve been getting so many press release about wind energy investments, joint ventures, etc. in the past few weeks (see some examples below).

The NY Times also reported yesterday a story about wind generating companies in Wyoming offering deals to various land owners so they can set up their wind turbine farms. Instead of the old Gold and Oil rush stories, I guess several states are now seeing the equivalent of Wind Rush fever.

I just hope the US wind energy market is more resistant to economic recession for the market to continue to expand. According to Houston, Texas-based wind energy company National Wind Solutions (NWND), there have been reports of canceled alternative energy projects including up to $1 billion in wind power projects as of last week. NWND says even with the current economy, it is determine to “face the wind” rather than turn its back on it.

Of course, there is the incentive that the Obama Administration will give lots and lots of tax credit for alternative energy investments starting next year…——-
Recent news on wind energy:

  • Wal-Mart has purchased its first substantial US wind energy from Austin, Texas-based Duke Energy Wind Farm. The wind power will supply up to 15 percent of the retailer’s total energy load in approximately 360 Texas stores and other facilities.
  • Axial Vector Energy formed a joint venture with Constellation Capital Management of Novato, Calif. The JV, which will be 80% owned by AVEC, will have the exclusive right to market AVEC’s proprietary generating equipment to replace existing generators in the United States wind power industry.
  • Wind Energy America was able to obtained $1.4m financing from a California holding company through a sale/leaseback of its Midwest Energy Center facility in Lincoln County MN. The financing is needed to complete its wind farm project in Minnesota.

And in the chemical industry:

  • Energy Composites Corporation has signed a final, multi-year agreement with Swancor Industries Co, Ltd. of Nantou City, Taiwan, which will provide ECC with the exclusive right to distribute an advanced line of epoxy resin systems to manufacturers of wind energy system components in North and South America.
  • Dow Corning says silicones with technologies that improve turbine reliability, increase efficiency and reduce costs are helping wind energy become one of the world’s fastest growing sources of renewable power.

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