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The US has far greater wind resources and much lesser population density (i.e. people don't like wind farms in their neighbourhood) and thus will probably far outstrip Europe in wind capacity development even in a less favourable regulatory environment.  Once the economics are demonstrated, they will go for it in a big way.  (The fact that the maintenance jobs can't be off shored is not necessarily a plus from an investors point of view as it means labour costs can't be reduced to Chinese levels)

Essentially what is killing the rapid development of the industry is the lack of certainty in future energy prices - 15 years is an awful long timespan for many investors not yet convinced about peak oil - and all the investment has to be upfront.  If average electricity prices could be guaranteed at break-even levels investment would be huge because of the upside potential and as a hedge against energy price inflation in general.

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Jan 18th, 2008 at 06:08:36 PM EST

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