Industry Analysis & Industry Trends
The Wind Power industry generates revenue from owning and operating wind farms and selling the produced energy to downstream customers. Over the past five years, favorable government assistance has made this energy source cost competitive with other electricity-generation sources, lifting wind power's share of the total electricity generated in the United States. However, the federal production tax credit (PTC) expired on December 31, 2013, and no new tax incentive has been established, which will likely constrain industry growth by increasing wind farm construction costs. In the five years to 2019, stronger economic activity and a focus on energy independence and reducing greenhouse gas emissions will contribute to growth in wind power production... purchase to read more
Industry Report - Starting a New Business Chapter
Prospective companies that seek to enter the Wind Power industry face high barriers to entry because they must have a large amount of capital and considerable expertise. New entrants need to secure a significant amount of capital to enter the industry, as the cost for wind power producing equipment is high. Equipment represents the largest cost for wind power-generation companies. The industry is benefiting from growing concern over greenhouse gas emissions associated with fossil fuel-fired power plants. However, production costs are higher than those associated with fossil fuels, such as coal.
Finding companies and experts who have extensive knowledge of wind is a barrier to entry... purchase to read more