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Technology Stocks : American Superconductor (AMSC)

AMSC 37.87

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From: David C. Burns	5/23/2011 12:18:31 AM
	of 973

Gas threat to wind farm growth By Ed Crooks in New York Financial Times Construction of new wind farms in the US is set to decline next year because of competition from cheap natural gas for power generation, the country’s largest developer of new wind power projects has said. Ignacio Galán, chief executive of the Spanish energy group Iberdrola, said the rise in US shale gas production had transformed the country’s energy industry, driving down gas and electricity prices. “Shale gas makes the production of electricity from other sources not attractive enough,” he said. Installations of new wind capacity in the US dropped from 10,000 megawatts in 2009 to 5,100MW last year. Mr Galán said he expected there could be a further 5,000MW added this year, and perhaps as little as 3,000MW next year. ft.com

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