Small wind turbines market spiked 78 pct last year
Sales of small wind turbines in the United States grew 78 percent in 2008 compared to the previous year, the American Wind Energy Association reported on Thursday.
The wind turbines - which must have a capacity of 100 kilowatts or less - are big enough to provide power for a single home or office building. The number of turbines installed is about 1,000 units totaling a capacity of 17.3 megawatts.
The industry projects it will grow 30 times its current size within as little as five years, the AWEA said. Despite a global recession, U.S. installed capacity will grow to 1,700 MW by the end of 2013. The Association attributed much of this estimated growth to the new eight-year 30 percent federal tax credit passed by Congress in October 2008 and augmented in February 2009.
At least 219 companies worldwide manufacture small wind systems. Thirty-five percent of those are based in the U.S. while national manufacturers' sales account for half the global market, the AWEA noted.
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