Sunday, March 21, 2010

Wind Energy Investment of $65 Billion May Curb Fossil Fuel Use


March 22 (Bloomberg) -- China WindPower Group Ltd., Iberdrola SA and Duke Energy Corp. will lead development of an estimated $65 billion of wind-power plants this year that let utilities reduce their reliance on fossil fuels.

The estimate from Bloomberg New Energy Finance assumes a 9 percent increase in global installations of wind turbines this year, adding as much as 41 gigawatts of generation capacity. That’s the equivalent of 34 new nuclear power stations. More >>>

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