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MSE Power Systems Inc (“MSE”) headquartered in Albany, New York announced a company name change to CG Power Solutions USA Inc. In October, 2008, MSE was acquired by Crompton Greaves Ltd. (CG), a global leader in power transmission and distribution headquartered in India. MSE’s name change was a planned phase of this acquisition. CG Power Solutions USA, Inc. will remain a US based entity. There will be no changes in management, quality of services, or personnel providing these services.
This name change comes on the heels of CG’s recent opening of a new $20M power transformer plant in Washington, MO and CG’s recent announcement of its partnership with the College of Nanoscale Science and Engineering (“CNSE”) of the University of Albany to establish a $20M Center for Intelligent Power at CNSE’s Albany NanoTech Complex that will enable nanotechnology innovations for smart grid solutions, creating over 100 high-tech jobs in upstate New York and fueling development and use of clean and renewable energy technologies.
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A new Ipsos Reid poll commissioned by the Canadian Wind Energy Association (CanWEA) finds that nine in 10 Ontario residents support the production of wind energy in their region of the province for its economic and environmental benefits. The level of support remains high even when respondents were asked if a wind project’s location is within their own community.
“The poll found that 89% of Ontario residents either strongly supported or somewhat supported wind energy in their region of Ontario,” said Sean Simpson of Ipsos Reid. “Most also agreed (86%) that their municipal government should encourage and facilitate wind energy development, while a similarly high percentage (85%) believe wind energy can provide economic opportunities and benefits.”
The poll also found that most Ontario residents think it is important that Ontario’s electricity supply become more environmentally friendly and that 87% of those surveyed believe that wind energy has less impact on human health compared to other sources of electricity.
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The American Wind Energy Association (AWEA) announced the formation of the Offshore Wind Development Coalition (OffshoreWindDC), which will focus on advocacy and education efforts to promote offshore wind energy. The new coalition, which will be based in Washington, DC, will be headed up by Jim Lanard, formerly managing director for Deepwater Wind.
“The creation of this coalition demonstrates the growing interest in offshore wind energy in the US,” said AWEA CEO Denise Bode. “Offshore wind provides a great opportunity to increase the use of renewable energy, thanks to the strong and steady winds that blow off our shores and proximity to electricity demand centers, particularly along the Eastern Seaboard. Offshore wind energy is proven in Europe, and will soon be hard at work here in America, powering our economy, protecting our environment, and creating jobs.”
The US has vast offshore wind resources, particularly off the Eastern seaboard and in the Great Lakes. Offshore wind projects totaling more than 5,000 megawatts (MW) have been proposed and are in the planning or development stages in the US. The US Department of Energy estimates that of the 300,000 MW of wind power that could generate 20% of US electricity by 2030, 50,000 MW would likely be offshore.
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 Business advocates of the US wind market point to the lack of financing and the lack of a national energy policy as the top obstacles to growth, according to the 2010 US. Wind Industry Monitor. The 2010 US Wind Industry Monitor is an opinion poll conducted by Droege & Comp., an international management consultancy offering an energy competency, and Gibbs & Soell, an independent global public relations firm with communications expertise in advanced manufacturing, energy, greentech and sustainable industries.
Nearly 60 professionals representing various enterprises serving the wind industry participated in the poll. Highlights of the findings include:
• Respondents identified the lack of financing (72%), lack of national energy policy (67%), and lack of transmission (54%) as “important” or “very important” main obstacles to business growth.
• Despite the ongoing challenges, most respondents forecasted growth for their U.S. businesses in 2010 (69.6%), 2011 (83%), and 2012 (84.6%).
• Generating heightened visibility among stakeholders is critically important for sparking growth in the mature wind industry market. Sales and marketing efforts (67%) were identified by participants as an “important” or “very important” strategic activity for 2010.
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 Global wind energy markets are expected to continue their rapid growth, with the world’s wind power capacity increasing by 160% over the coming five years, according to the annual industry forecast presented by the Global Wind Energy Council. GWEC expects that the global installed wind capacity will reach 409 GW by 2014, up from 158.5 GW at the end of 2009. This assumes an average growth rate of 21% per year, which is conservative compared to the 29% average growth that the wind industry experienced over the past decade. During 2014, the annual market will be more than 60 GW, up from 38.3 GW in 2009.
“Even in the face of a global recession and financial crisis, wind energy continues to be the technology of choice in many countries around the world. Wind power is clean, reliable, and quick to install, so it is the most attractive solution for improving supply security, reducing CO2 emissions, and creating thousands of jobs in the process,” said Steve Sawye, GWEC secretary general. “All of these qualities are of key importance, even more so in times of economic uncertainty.”
Global Wind Energy Market
www.gwec.net
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