Wind Turbine Company - Wind Energy

Abundant, renewable, and free, wind energy has been the fastest growing energy source since 1990. Installed wind capacity worldwide at the end of 2003 stands at over 40,000 MW, doubling since 1999, and ten times the 1994 total. Forecasts of global turbine sales in the coming years vary. In March 2004, BTM Consult forecast world total install capacity could exceed 95,000 MW by the end of 2008. This forecast does not anticipate a cost of generation breakthrough such as WTC intends to accomplish.

Growth of wind energy is being driven in large part by the commitment from many industrialized nations to reduce greenhouse gases. There is a discernable, growing public demand for green energy. The cost of wind energy has gradually fallen, as technology has improved, however, wind energy still requires subsidization almost everywhere. Lower cost wind technology will induce increased demand. The clear intent of large developing countries like China and India is to bring cutting edge new renewable technologies into their already large and rapidly growing energy markets to help offset if not reduce traditional reliance on old fossil fuel technologies.

Although the United States' Federal energy policy is focused on conventional fossil fuels and nuclear power as the solution for the nation's energy future, WTC believes its lower cost wind technology will enable the company to compete and thrive in this market. In large part, this is due to the innovative, visionary leadership of several U.S. states beginning with California in the early 1980s to now include Minnesota, New Mexico, New York, and Texas among others.

State leaders recognize the tremendous benefits arising from wind energy. The wind is free, but wind energy is capital intensive and operating and maintenance is essential. Manufacturing wind turbines creates a large number of good paying jobs per megawatt of generating capacity, as does installation. Although not without shortcomings or detractors, wind energy installations are clean, non-polluting, they consume no water, and leave no residual waste to dispose.

In 1999, DOE Secretary Bill Richardson unveiled the Wind Powering America Program, along with projections that wind energy could result in $60 billion in capital investment in rural America over the next 20 years and the creation of 80,000 jobs. WTC will help create and keep these jobs in the U.S.