Manufacturing Industry
WIND POWER DEMAND FORECAST CUT FOR U.S. FOR 2002.
Advanced Materials & Composites News, August, 2002
August 14, 2002 - The American Wind Energy Association (AWEA) said it has cut its forecast for installed wind turbine capacity in 2002 due to postponement of projects and lower natural gas prices. The AWEA statement followed analysts' downgrades, which reduced expectations for the U.S. wind-power market this year and next, sending shares in leading wind turbine maker, Danish Vestas (VEST.CO), down 10%.
The U.S. is among the leading wind power markets along with Germany and Spain. But, the AWEA has scaled down its forecast for 2002, from 600 to 1,000 megawatts at the beginning of the year, to only 400 megawatts now forecast for the U.S. market. AWEA blamed momentum lost on projects early in the year because of a 3-month delay in the U.S. tax incentive...
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