No one disputes that 2008 turned out well indeed for US wind power. The economic hammer really didn’t hit the wind industry until the fall – about a year ago. Wind power had its financing yanked out from under it just as the rest of the economy did.
Even so, many projects that already had their funding soldiered ahead, and by year’s end, a record 8,500 megawatts worth of turbines had been installed.
A large number of projects from the heady go-go days when a flush Wall Street was financing wind farms with abandon were still in the pipeline in 2009 – up through the first half of this year, Ms. Bode acknowledges.
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