Steve Sawyer News
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Wind farm growth is set to slow as limits on capacity in China’s grid, falling carbon prices in Europe and a lack of direction in U.S. government policy hamper demand in major markets, the Global Wind Energy Council said.
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Brazil may become the world’s fourth largest installer of wind farms in 2012, up from 11th last year, as some developed nations cut subsidies for renewable energy.
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Asia’s wind power installed capacity is expected to surpass Europe’s for the first time next year, Steve Sawyer, secretary general of the Global Wind Energy Council, said at a forum in Beijing today.
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The global wind power market rose 6 percent to 41 gigawatts last year, led by China, which captured more than two-fifths of the total, the Global Wind Energy Council said today in a report.
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Renewable energy is surpassing fossil fuels for the first time in new power-plant investments, shaking off setbacks from the financial crisis and an impasse at the United Nations global warming talks.
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Renova Energia SA’s strategy to produce wind energy cheaper than anywhere else in the world will be tested as it brings its first turbines online, helping to transform Brazil into the world’s fourth-biggest market.
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Renova Energia SA’s strategy to produce wind energy cheaper than anywhere else in the world will be tested as it brings its first turbines online, helping to transform Brazil into the world’s fourth-biggest market.
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Installed power capacity from wind turbines around the world will probably rival the potential generation of electricity from nuclear plants within four years, the Global Wind Energy Council said.
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Renewable energy companies are approaching the point where they can generate electricity at a price competitive with fossil-fuels without subsidies, the biggest wind and solar manufacturers said.
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Wind-power capacity will more than double by 2016 as growing installations in newer markets such as India and Brazil counter weakness in the U.S., where additions are set to decline next year, according to an industry lobby.
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