The U.S. wind power market is expected to reach a cumulative installed wind capacity of nearly 49 GW by 2015, according to a new study by Emerging Energy Research (EER), an advisory and consulting firm tracking emerging technologies in global energy markets.
EER estimates that the total U.S. wind project pipeline is in excess of 125 GW of projects at various stages of development. In addition, with more than $65 billion forecasted to be invested in additional wind capacity between 2007 and 2015, the U.S. is projected to rank first in the world in cumulative installed wind capacity – with approximately 19% of global wind market share by the end of 2015.
Texas is predicted to account for 23% of total MW growth, and California, Minnesota, New York, Colorado and Washington are expected to collectively account for approximately 30% of total market growth, the report says.
EER adds that investments in new transmission capacity will play a central role in determining the timing and geographic focus of new wind opportunities, especially as existing grid infrastructure becomes saturated in several key wind regions and states.
Complete features of the study include state-by-state analysis, market environment rankings, and competitive analysis of utilities, independent power producers and developers, as well as U.S. wind turbine manufacturer and component supplier analysis. The report can be ordered at emerging-energy.com