Industry Analysis & Industry Trends
Wind energy generation has grown strongly over the past five years, largely due to favorable government mandates and incentives for renewable energy. However, federal incentives have been inconsistent, leading to uneven growth in turbine installations between years. The flat overall growth rate during the period belies high volatility caused by the federal renewable energy production tax credit (PTC). The PTC has been the primary driver of new turbine installations because it has helped utilities offset the otherwise high costs of wind power and provide their services at prices comparable to fossil fuel-based energy. In late 2015, Congress again renewed the PTC, this time with a scheduled phase-out through 2019.... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Wind Turbine Installation are moderate and increasing. Installers of large-scale wind farms face much higher barriers, largely due to the size of the turbines and the logistics associated with their transportation and installation. Small-turbine installers face lower barriers as the logistics are removed from the installation process. Small turbines typically have rotor diameters of 20 feet versus large turbines that are generally more than 200 feet in diameter.
Certification and licensing requirements vary by state and there is currently no federal standard. Large turbine installers usually have a background of other forms of electrical installation and transmission construction, but require no official certification... purchase to read more