Economic Climate Opens Door for Small Wind Energy Projects - Renewable Energy World

Economic Climate Opens Door for Small Wind Energy Projects - Renewable Energy World

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 than their large-scale wind farm counterparts