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Wind Power Projects: A Discussion on the Industry’s Past, Present and Future

The dollar sign
Together with the green jobs and wind energy industry’s growth, the average size of install wind farm projects have also grown. In 2007, installed projects averaged about 91 MW. This size is over 30% below the average project size of 120 MW in 2009. Wind farm project sizes change because of a number of reasons.

Possible reasons could be: increasing wind power demands; increasing turbine sizes; continued practice of large turbine orders which reached up until the 2008/2009 credit crisis; partnership of project developers so such orders can be supported; and the increasing turbine and project costs. Whatever the reason may be, larger project sizes are a manifestation of an increasingly mature energy source that is making its way into the domestic electricity market.

In 2007, strengthening of the wind energy business had slowed down. But by the final quarter of 2009, it had normalized at 2008’s tempo. 2007’s slowdown may have been caused by several factors, along with an opinion within the industry that many of the prime targets for wind power investment were already acquired in earlier years. Continue reading

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