Wind Energy Market at Forefront of Renewable Energy Initiatives

* Reuters is not responsible for the content in this press release.

Fri Jan 9, 2009 8:41am EST 

  NEW YORK, NY, Jan 09 (MARKET WIRE) -- 
Harnessing America's renewable energy sources is a priority on
President-elect Barack Obama's political agenda, and American businesses
and consumers are poised to follow his lead to make the U.S. a greener,
more energy responsible nation. During a campaign speech, Obama declared
his intentions to wean American off its dependence on Middle Eastern oil
by investing $15 billion a year in renewable energy to create 5 million
new energy jobs over the next decade.

    Market research publisher SBI expects Obama's commitment to long-term U.S.
economic recovery will advance the development of alternative energies as
a key factor. This will drive the already steadily strengthening wind
energy market in 2009 and beyond.

    The U.S. wind industry expanded rapidly in 2008, and in the all-new report
"Wind Power in the U.S. and the World," SBI estimates that the total wind
energy market in the U.S. was valued at $151 billion. By 2013, SBI
projects that the total U.S. market value for wind energy will reach an
estimated $180 billion, representing a compounded annual growth rate of 3%
for the five-year period starting in 2009.

    "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.

    "Wind Power in the U.S. and the World" identifies key dynamics and
economic and market trends driving the wind power industry, and profiles
major market players, outlining their strategies to maximize growth and
profitability. The report also covers shipments, imports and exports, and
provides historical data for 2002 through 2008, and forecast data from
2009 to 2013. For further information visit:
http://www.sbireports.com/Wind-Power-1836588/.

    About SBI

    SBI (Specialists in Business Information) publishes research reports in
the industrial, energy, building/construction, automotive/transportation
and packaging markets. SBI also offers a full range of custom research
services. For more information visit http://www.sbireports.com, or contact
Jenn Tekin at (240) 747-3015 or jtekin@marketresearch.com.

    

Contact:
Jenn Tekin
www.SBIreports.com
(240) 747-3015
jtekin@marketresearch.com

Copyright 2009, Market Wire, All rights reserved.

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