Installed Wind Capacity in U.S. Forecast to Grow 165% by 2015
Pike Research, a cleantech market research firm, has forecast that installed wind capacity in the U.S. will reach 320 gigawatts by 2015, which is an increase of 165% over 2008. This forecast is 20% lower than other forecasts put out by the wind energy industry, but still shows that wind energy has favorable prospects for growth over the next 5 years as compared to other industries. Pike believes that as the credit markets loosen up we will see reinvestment in the wind energy sector faster than in other sectors of our economy. I think this relative optimism was reflected in the general positive tone of Windpower 2009 in Chicago a few weeks ago.
Post authored by David Petersen, partner practicing in the Sustainability and Real Estate and Land Use Groups.
