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New England to see $7.2 billion in energy savings from Cape Wind

The 468-megawatt planned Cape Wind facility will reduce electricity prices in New England by $7.2 billion over 25 years. A report prepared by global consulting firm Charles River Associates found that the Cape Wind project has the potential to displace higher-priced fossil fueled power generation, resulting in average savings of $286 million annually when the wind site becomes operational.

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Executive agencies, states form wind consortium for Great Lakes

The Obama administration, through several executive departments, and the federal governments of the Great Lakes states – Illinois, Michigan, Minnesota, New York and Pennsylvania – are fast tracking the review process for offshore wind developments in the region.

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Vestas cites reports in wind market leadership

The wind energy sector is riding high winds into a strong future according to several reports released this week, with Danish wind turbine manufacturer Vestas found to be still at the top of the heap. Vestas cited wind industry research group BTM Consult and renewable energy research group HIS Emerging Energy Research indicating that Vestas maintained their No. 1 position in the wind energy sector.

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First Wind gets $236 million for Hawaii’s largest wind farm deo

The largest wind farm in Hawaii, the 69-megawatt Kawailoa wind project on Oahu’s North Shore, got hold of $236 million in financing this week. United States wind energy company First Wind on Tuesday announced that a subsidiary closed a $220 million non-recourse construction and term loan and another $16 million in letters of credit for the Kawailoa project.

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Global capacity of ‘small wind’ at 440 MW by end of 2010

The total global capacity of small wind turbines stood at 440 megawatts during the end of 2010, states a new report from the World Wind Energy Association. Small wind turbines are defined as falling in the rated capacity range of 6 watts to 300 kilowatts. To date, around 330 manufacturers of such turbines have been identified in 40 countries. The total number of small wind turbines installed all over the world stood at around 656,000 units after the end of 2010, for a total generation capacity of over 382 gigawatt-hours.

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Japanese consortium to build floating wind farm in Fukushima

One year after a devastating magnitude-8.9 earthquake shook Japan and caused world's biggest nuclear disaster since Chernobyl, a group of Japanese companies are building an experimental offshore wind farm near the tsunami-ravaged plant. Giant Japanese trading company Marubeni is leading the consortium which includes the University of Tokyo, Mitsubishi, Mitsubishi Heavy Industries, IHI Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel, Hitachi, Furukawa Electric, Shimizu and Mizuho Information & Research.

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North America to see 125 gigawatts of wind power by 2017 – Pike

The increasing trend toward consolidation in the wind power industry, with major wind power technology manufacturers acquiring wind farm development companies as a strategy for ensuring the use of their turbines, will lead to the growth of the North American market, a research firm said. Current analysis by Pike Research projects that North America will see a surge in both onshore and offshore wind installations and reach 125 gigawatts by 2017, with $145 billion in investments.

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Foundation, other issues jacking up wind turbine technology research

Finding suitable sites for developing onshore wind farms will soon be difficult due to dense urbanization and the negative visual impact that wind farms could have on the surrounding environment. This, however, is opening up more opportunities for the offshore wind industry, according to a new report by Frost & Sullivan. In its research, market intelligence company Frost & Sullivan said increasing interest in offshore wind power is driving the development of new technologies, from the generators to wind turbine foundations.

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First Wind, RES Americas complete U.S. wind farms

Massachusetts-based wind energy company First Wind has completed its 35-megawatt wind project in Buffalo, New York, which will tap the winds of the Great Lakes region. The project is expected to generate enough clean energy to power around 9,000 New York homes and make its contribution in decreasing carbon dioxide emissions by over 23,000 tons annually, helping the state reach its goal of getting 30 percent of its energy from renewables by 2015.

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India’s Suzlon tones down year-long guidance

A strong order book was not enough to keep Suzlon Energy’s consolidated sales from declining in the third quarter, necessitating a change in the wind turbine giant’s guidance for the company’s current fiscal year 2011-2012. Suzlon’s third quarter revenues were at 49.85 billion rupees ($1 billion). Although this represented a 12 percent year-on-year growth, lower third quarter volumes had an effect.

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