Wind Power News

Wind Power Expenditures Expected to Drop

Wind Power Expenditures Expected to Drop

Wind power capital expenditures are also expected to suffer during these difficult economic times and market researcher Emerging Energy Research, is predicting wind capacity will increase by only 14 percent globally this year.

There used to be an abundance of funding to finance wind power projects, however with the sharp downturn in the economy, lenders have become tighter with their cash, pushing lots of independent energy producers out of the market. Moreover, the demand for wind turbines has dropped, forcing wind turbine producers to drastically reduce their prices or go out of business.

Although President-elect Barack Obama recently revealed a stimulus package for the clean technology sector that includes wind power, investors are reluctant to put money into the wind energy sector until more details are given.

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