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WIND ENERGY FACILITY INSTALLATION TO RISE 63 PERCENT IN 2007

Thursday, November 8, 2007 - 8:00AM

Continuing a major growth trend, the American Wind Energy Association (AWEA) this week announced a substantial increase in the projected installation of new wind energy facilities in 2007. Previous projections for a record-setting 3,000 megawatts (MW) of new wind power capacity in 2007 have been raised and in its third quarter market report AWEA reports that the U.S. wind energy industry is currently on track to complete a total 4,000 MW in 2007. This capacity far exceeds its 2006 record of 2,454 MW, and is expected to generate enough new electricity to power the equivalent of more than one million homes. To sustain this success and foster further growth, the group called on congressional leaders to pass legislation that extends the federal production tax credit (PTC) and establishes a national standard for renewable electricity. The PTC for renewable energy is currently set to expire in December 2008.

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