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U.S. market for small wind turbines grows 15% in 2009
Washington, DC — The U.S. market for small wind energy systems grew 15 percent in 2009 with 9,800 units sold and 20.3 megawatts (MW) of new generating capacity, according to the American Wind Energy Association (AWEA). This accounts for about half of the units sold in the world, according to AWEA.
The report, “AWEA Small Wind Turbine Global Market Study,” finds that about 100,000 small wind turbines are now installed in the U.S., bringing the total small wind generating capacity to the 100-MW milestone. AWEA defines small wind systems as those with rated capacities of 100 kilowatts (kW) or less, and used primarily to power individual homes, farms, and small businesses.
Another finding shows that the U.S. is the world’s leading manufacturer of small wind turbines. About two-thirds of all small wind systems sold in the world last year were made by U.S. manufacturers.
“Americans and people around the globe want to take control of their energy future, and investing in a small wind turbine to generate your own electricity is one of the most rewarding ways to do so,” said AWEA CEO Denise Bode, in a statement. “Wind works for people and for our planet in many different ways.”
Ron Stimmel, AWEA’s manager of small wind systems and legislative affairs, attributes the growth to federal and state incentives, optimistic investors and popular demand.
“We’ve also seen domestic manufacturing investment grow, with nine small wind turbine production facilities opened or expanded in the U.S in 2009. The U.S. small wind turbine market is by far the world’s largest, both in terms of installations and of manufacturing,” stated Stimmel.
The 2009 American Recovery and Reinvestment Act (ARRA) expanded the federal Investment Tax Credit (ITC) for small wind turbines in 2009, allowing consumers to take 30 percent of the total cost of a small wind system as a tax credit. The ITC was perhaps the most important factor in last year’s small wind turbine market growth, said AWEA.
The report also reveals that $80 million of private equity was invested into small wind turbine manufacturing companies, boosting the total equity invested over the past five years to more than $250 million in 2009. This investment helped manufacturers increase production, lower costs, meet sustained demand, and even acquire competitors, according to the report.
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What is the dollar amount of small wind turbine sales projected for 2010, 2011, and beyond?
David,
Report only provides 2009 revenues as shown in chart:
2009 US sales: $83M
2009 global sales: $189M
I’ll check with AWEA to see if I can get any additional figures for you.
Gina