Global Technologies enthusiastic about its wind power projects: DoE reports “unprecedented expansion”
Global Technologies, Ltd. prepares to expand its Developmental Project initiatives as the US Department of Energy reports that the wind power industry has entered an era of unprecedented expansion, both globally and in the United States.
According to its recently released the “Wind Technologies Market Report,” prepared by Lawrence Berkeley National Laboratory, Wind power additions in the United States set a new record in 2009, with 10 gigawatts of new capacity installed, representing a $21 billion investment.
“At this pace, wind power is on a path to becoming a significant contributor to the U.S. power mix,” says co-author Ryan Wiser, a scientist in Berkeley Lab’s Environmental Energy Technologies Division (EETD).
“Wind power projects accounted for 39 percent of all new electric generating capacity added in the U.S. in 2009, and wind energy is now able to deliver 2.5 percent of the nation’s electricity supply.”
The Company believes Small and Medium Wind-Power Generation a high growth sector promising to become a significant and vital energy option primed for strong growth.
According to a recent report from Pike Research, the global small wind market is poised for strong growth in the next few years, with revenues forecast to expand from $203 million in 2009 to $412 million in 2013.