We couldn’t say it any better than that, which is from an article by Andy Cukurs, Chief Executive, U.S. Operations, of Suzlon Energy Ltd.
Cukers points out that it will take a national renewable electricity standard (RES) to solidify and stabilize the demand for wind energy: "The national standard is critical because, without it, utilities are unwilling to clear long-term deals for renewable energy. While banks have begun again to do some project financing and the Energy Department is awarding grants for renewable-energy companies, those efforts aren’t sufficient to jump start the alternative-energy sector hit badly during the recession and the aftermath of the financial-markets crisis."
The hope now is that, with health care reform accomplished, Congress will complete work on the energy legislation they started last year, and include in it a strong RES.
By Chris Madison, AWEA, www.awea.org/blog/
