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9/19/07

Businessweek: Wind Power's a Breeze in Europe - by Mark Scott


For the complete report from Businessweek click on this link

Wind Power's a Breeze in Europe - by Mark Scott

After years of playing second fiddle to mainstream power sources, Europe's renewable energy sector is now going from strength to strength. Lucrative government subsidies, an EU-wide goal to reduce CO2 emissions 20% by 2020, and growing public support for the fight against climate change have turned this new industry into a force to be reckoned with.

Wind power is leading the push into renewables, helping to place Europe ahead of other regionsin the race to capitalize on the green power revolution. According to Barcelona-based consultancy Emerging Energy Research (EER), the European wind turbine market—including construction—will surge by two-thirds between 2006 and 2015 to an annual total of $15 billion.

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