Abstract
The US wind power market, the world' s largest in terms of annual MW additions
for the past two years, will see unprecedented growth over the next decade.
With installed wind capacity expected to grow from 11,600 MW in 2006 to nearly
49,000 MW by 2015, the US wind market will average over $5 billion per year
during the forecast period.
US Wind Power Markets and Strategies, 2007-2015 is EER' s third annual
study analyzing US wind markets, and is widely considered the most in-depth
and authoritative market study available on this fast growing market.
- Supply chain dynamics, accompanied by turbine price escalation,
will continue to constrain the US industry as global shortages in key
components such as bearings, gearboxes and castings cause vendors to struggle
with supply chain security. However, new blade manufacturing and nacelle
assembly investments on US soil will begin to slowly ease delivery bottlenecks
to the booming US market in 2009 and beyond.
- Developer consolidation continues across the value chain, with
regional pureplay development companies increasingly the target of large
global energy players and the price tag of market entry rising significantly.
RPS demand continues to drive project pipeline development, with necessary
transmission infrastructure expansions following suit.
- Early extension of the PTC through 2008 has provided another year
of regulatory certainty for the more than 6 GW in projects which are rushing
for construction in the next two years. While federal uncertainty still
threatens the US market after 2008, policy momentum at both the national and
state levels continues to set the framework for long-term sustained US growth.
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