U.S. 2012 wind spending outpaced financial impact of gun sector

04/11/2013 | Bloomberg

U.S. companies invested $25 billion in wind projects last year, according to the American Wind Energy Association. That surpasses the U.S. Coast Guard's $10.2 billion budget for fiscal 2012 and the $22.3 billion in direct economic impact attributed to the U.S. gun industry last year. Wind power made up 5.6% of U.S. generating capacity in 2012, up from 3% in 2011, AWEA said. The surge was driven by tax incentives, strong demand from utilities, dwindling costs and improved performance, said Elizabeth Salerno, AWEA's director of industry data and analysis.

View Full Article in:

Bloomberg

Published in Briefs: