Wind Energy Market at Forefront of Renewable Energy Initiatives Feb 2, 2009

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An SBI report values the total wind energy market in the U.S. at US$151 billion, projected to rise to $180 billion by 2013.

According to market research publisher SBI, President Obama’s commitment to long-term U.S. economic recovery will advance the development of alternative energies, which will drive the wind energy market in 2009 and beyond. The firm reports in "Wind Power in the United States and the World" that the U.S. wind industry expanded rapidly in 2008.

"With oil prices and fossil fuel prices creeping higher again, and with federal support of alternative energy expansion programs, wind power is picking up momentum. But the market value of wind energy likely won’t appreciate to the full potential we expect until early 2012 when the U.S. can fully reap the rewards from today’s investments in wind farm developments nationwide," says Shelley Carr, associate publisher for SBI.

For more information, visit www.sbireports.com/Wind-Power-1836588.

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