RES

USA Wind Energy in 2012 has got off to a flying start with the announcement of 3 new wind farms being announced. While BP and Sempra have announced 2 new wind farms with 560 MW capacity with $1 billion in investment ,a Spanish company will build a 189 MW wind farm . Note 2010 was not a great year for wind energy in the USA though 2011 was better . GE will be the Wind Turbine Company supplying turbines to the BP WInd Farms while Accionia wind turbines will be used by the Spanish company . Note there is a severe competition in the Wind Turbine space with the biggest wind company Vestas facing a possible bankruptcy or consolidation in the future. However wind farm developers are having a good time at the expense of the wind equipment companies as prices of wind turbines reach very low levels.