LAS VEGAS, USA: A report released this year estimates the US wind energy market at $150 billion, a projection that should increase enthusiasm for US wind energy companies like Nacel Energy Corp.
The report declares that "Companies involved in the manufacturing and distribution of products related to wind energy are anticipating a banner year for 2009 as a new base of customers inherit the wind as their primary source of energy."
Additionally, the report, which is available via purchase, estimates that the total wind energy market in the US is valued at $151.3 billion. It states that the growth in wind energy experienced in 2008 was driven by skyrocketing fossil fuel and oil prices for commercial and home heating, long-term demand for renewable energy sources domestically, and improvements in technology that streamlines the manufacturing of wind turbines, especially for larger machines required for offshore wind farm initiatives.
This report is of potential interest to investors and management of the following wind power companies: Xcel Energy Inc., Trinity Industries Inc., Otter Tail Corp., and Kaydon Corp.
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