Recession Slows Wind

I felt following up on my last post was important when I read, “Recession Slows Wind,” in USA Today last week. Despite $950,000,000 in cash from stimulus money being pumped in to help it seems many power-producing projects are being put on hold because of the slowing economy. It is doubtful wind power growth will even reach 2008 levels according to industry data and before the crash hit 2009 was supposed to be a growth year for alternative wind energy. This fact begs the question, is wind power the engine that drives sustainable alternative energy or is the economy the engine that drives wind power?

Wind farms are a great form of alterative energy that needs to continue to grow and be explored since only 1.25% of all U.S. electricity generation comes from wind power but how will we ever get to 5% unless we have the economic engine running and healthy? Mega watts from wind need mega bucks and a flourishing market with confident lenders and healthy businesses generate those dollars needed. The top five states for wind power include Texas, Iowa, California, Minnesota, and Oregon and in states like California where the economy and deficits are in worse shape than in many other states it appears even with new legislation the thing that can really help renewable energy will be a renewed economy.