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The Market for Wind Energy
Commercial & Military
- Conditions indicate increasing opportunity for alternative
energy
- Energy cost escalation and declining fossil fuel reserves
($100/barrel oil)
- Increased nationalization or taxation of energy resources
by exporting countries
- Worldwide demand for energy is rapidly increasing
- Environmental pressure to reduce greenhouse gases and pollution
- Increasing use of tax incentives for producing or using renewable
energy
- Potential legislation requiring up to 25% of electricity production
to be renewable by 2025
Commercial Growth
Projections
Graph Showing Installed Wind Capacity in the US
- Tremendous Growth Potential - According to
the AWEA U.S. Small Wind Turbine Industry Roadmap, 3% of US electrical
consumption could be generated by small wind turbines by 2020.
- This same report shows recent growth of this industry at 40%
per year.
- Ohio’s electric generation capacity is 33,877 MW with
wind comprising only 0.02%. There is tremendous potential
for growth in Ohio and in the rest of the US and world.
- To reach 3% of State of Ohio electric capacity, over 100,000
wind turbines will be needed, assuming an average wind turbine
size of 10 kW.
Military Market
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