Author: Green Architect Jeremy Bonin, AIA, LEED AP
Website: http://www.blogger.com/profile/07495457719901726105
Economic Climate Opens Door for Small Wind Energy Projects
With utility-scale wind project developers cash-strapped and unable to obtain financing for large wind farms, small wind power project developers see a window of opportunity. by Sarah Lozanova, Contributor Wisconsin, United States [RenewableEnergyWorld.com]
Very few large-scale wind projects are able to obtain financing under the current economic climate. But falling turbine, steel and labor prices have created the perfect environment for mid-scale wind energy projects to thrive. Although total new installed capacity in 2009 may not rival the impressive 8,900 MW installed in North America in 2008, a golden opportunity exists for smaller wind development.
Small wind projects range in size from 100 kW to 30 MW and typically serve schools, farms, rural villages, businesses and municipal utility companies. Because these type of installations can access funding from various sources, they are less vulnerable to the credit crisis…
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