A federal credit expired in 2003 and by the next summer, GE Wind Energy had no orders and $300 million in inventory. The credit was later restored until 2006 and wind and other renewables are back in favor. The U.S will add more than 2,400 MW of wind capacity in 2005. Today, there are 6,300 MW of wind available. The world market for renewables is expected to grow from $13 billion in 2004 to $92 billion by 2013.
Business Week, January 10, 2005, p. 94
The world’s largest offshore wind farm made up of 81- 2 megaWatt turbines has defective transformers and generators. Failure is ascribed to harsh sea conditions. The turbines were supplied by ABB Ltd. and installed by Vestas Wind System A/S. All equipment will be moved to shore for repair and replacement.
IEEE Spectrum, November 2004, pp30-31
The federal wind energy Production Tax Credit (PTC) was extended retroactively from December 31, 2001 to December 31, 2003. The industry has been setting installation records with 915 MW in Texas in 2001, more than the previous record for the entire country.
April 2002, p. 18