NewEnergyNews: TURBINE MARKET WILL KEEP BOOMING

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YESTERDAY

THINGS-TO-THINK-ABOUT THURSDAY, December 8:

  • TTTA Thursday- The Record Of The New EPA Head
  • TTTA Thursday-The Undeveloped New Energy
  • TTTA Thursday-Walking On New Energy
  • TTTA Thursday-Electric Tractor For Emissions-Free.Farming
  • THE DAY BEFORE

  • ORIGINAL REPORTING: Turning Distributed Energy From Threat To Opportunity
  • ORIGINAL REPORTING: Solar Policy Action Heats Up
  • ORIGINAL REPORTING: Maine’s Almost Solar Policy Breakthrough
  • THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: How To Balance Competing Solar Interests
  • QUICK NEWS, December 6: Sliver Of Hope? Al Gore In Climate Change Meet With Donald Trump; The Opportunity In New Energy; Google Seizing New Energy Opportunity
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: A Way For New Energy To Meet Peak Demand
  • QUICK NEWS, December 5: Trial Of The Century Coming On Climate; The Wind-Solar Synergy; The Still Rising Sales Of Cars With Plugs
  • AND THE DAY BEFORE THAT

  • Weekend Video: Trump Truth And Climate Change
  • Weekend Video: The Daily Show Talks Pipeline Politics
  • Weekend Video: Beyond Polar Bears – The Real Science Of Climate Change
  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-Aussie Farmers Worrying About Climate Change
  • FRIDAY WORLD HEADLINE-The Climate Change Solution At Hand, Part 1
  • FRIDAY WORLD HEADLINE-The Climate Change Solution At Hand, Part 2
  • FRIDAY WORLD HEADLINE-New Energy And Historic Buildings In Europe
  • --------------------------

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    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • ---------------
  • WEEKEND VIDEOS, December 10-11:

  • A Climate Change Denier’s Lies Exposed
  • The Good News Numbers On The EV Boom
  • “This Is Just The Beginning”

    Monday, September 08, 2008

    TURBINE MARKET WILL KEEP BOOMING

    Talk about walking the walk: Hillpoint Energy – a market research firm – took a look at the data on the wind energy industry and launched Hillpoint Wind Power to develop its own wind turbine design.

    Its report on projects for the wind turbine components and systems manufacturing market explains why. The market is expected to grow 40.4% in the next 5 years. Several states are expected to see market growth of over 50%. California’s market will grow over 90%, Minnesota’s over 80%.

    The entire report and separate chapters are available for purchase. The detailed research may not make good bedtime reading except for insomniacs but the headlines could keep almost anybody with the dream of striking it rich in the New Energy boom awake at night.

    Footnote: There is no mention of it in the materials about the Hillpoint Energy report but NewEnergyNews readers should be aware that all predictions about market growth are subject to revision if Congress fails to extend the New Energy tax credits due to expire at the end of this year.


    click to enlarge

    Hillpoint Energy Estimates US Wind Turbine Market Size at Over US$60 Billion by 2013; BCC Research Commissions Hillpoint Energy's Ben Spitz to Forecast Potential Explosive Growth of Wind Energy Installations
    September 4, 2008 (Hillpoint Energy/Business Wire via MarketWatch)

    WHO
    BCC Research; Hillpoint Energy (Ben Spitz, CEO/report author)

    WHAT
    Spitz’s report, Wind Turbines: The US Market, has just been published by BCC Research. It details the remarkable growth expected in the wind turbine components and systems field for the coming 5 years, predicting a compound annual growth rate (CAGR) of 40.4%.

    From AWEA. (click to enlarge)

    WHEN
    2007: Wind turbine components and systems market value of $7.87 billion
    2008: Wind turbine components and systems market value of $11.16 billion
    2013: Wind turbine components and systems market value of $60.90 billion

    WHERE
    - Top 10 state spenders for wind turbine technology: Texas, California, Iowa, Minnesota, Washington, Oregon, Colorado, New York, Kansas and Illinois.
    - BCC Research is based in Wellesley, MA.
    - Hillpoint Energy is based in Cedarhurst, NY

    WHY
    - Cost of the report: $4,850.
    - The report’s "Overview" chapter effectively summarizes the data without the research details. The complete report is 228 pages.
    - Texas is the biggest state market ($2.4 billion+ in 2007, an estimated $3.0 billion in 2008). Its expected CAGR of 38.0% should produce a $15.2 billion by 2013.
    - Texas was 2nd to Colorado in 2007 ($1.2 billion+) but has not recorded any wind turbine installations in 2008. Its CAGR projects to a $3.7 billion market value for 2013.
    - California has been a testing ground for new wind technology in the past and is expected to see a surge in the coming years and a CAGR of 90.8%. Its market value is predicted to go from $676.0 million (projected, 2008) to $17.1 billion (projected, 2013).
    - Other states among the current top 10 markets expected to have impressive CAGRs: Minnesota (81.2%), Illinois (68.6%), Washington (54.1%), Oregon (29.0%)

    Growth means jobs. (click to enlarge)

    QUOTES
    Ben Spitz, CEO, Hillpoint Energy: "Wind power is a key clean energy source that is poised to make significant inroads into mainstream electrical power production… Worldwide electrical demand is unprecedented, the economics of wind energy are becoming more attractive and the technical obstacles including transmission and storage are being worked on aggressively. The results of greater penetration of wind powered electrical generation will be lower electrical costs, especially after the capital investments have been recouped, as well as significantly lower environmental impact as compared to other electrical generation technologies."

    1 Comments:

    At 10:31 PM, Blogger BSpitz said...

    Nice synopsis. Just one note: the report does discuss briefly the Production Tax Credit issue (pages 8 and 23). All recent announced wind farm projects had been initiated knowing that the PTC was still not extended. My conclusion (and that of many others) is that had there been a longer term PTC in place, growth would have been even greater.

    Another big issue is whether trasmission will be able to keep pace with the expected growth. This is something the utilities will need to tackle in any case as they bring new needed capacity (from any source) online.

    Let's hope our congressmen get their act together and not only extend the PTC but lock in a longer-term incentive to make wind power a serious part of our electrical generation.

    Ben Spitz

     

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