Forecast: More wind … Sierra Club bullish on turbines
By Andy Giegerich
Digital Managing Editor
The Sierra Club believes several signs bode well for wind energy companies like Vestas.
As part of our series of stories this week on Vestas-American Wind Systems (longer stories shortened: we’re analyzing the company’s prospects over the next couple of years), I examined several market reports on the wind and renewable energy industries.
One of them landed on my desk as I was entering the writing stretch run. The Sierra Club, which is entrenched in the battle over proposed Northwest coal transfer stations, presented a very rosy outlook on wind.
Much of that optimism stems from international developments. Spain became the first country ever to get more energy from wind than any other source during a calendar year, nabbing 21.1 percent of its power from wind.
Also, in December, Denmark became the first country ever to generate more than half of its energy from wind, logging a 54.8 percent figure.
There was also good domestic industry news as well. Wind energy provided power in Texas during a cold spell in which several power plants shut down. Texas, it turns out, added more wind energy to the grid last year than any other state.
Check the Friday Portland Business Journal for an in-depth look at what the future holds for Vestas, as well as its wind energy supply company peers.
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