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Wind Power Expected to Continue to Grow at 15.7% until 2013

Thu, 06/24/2010 - 7:53am
FORT WALTON BEACH, Fla., (GLOBE NEWSWIRE) -- Kalahari Greentech, Inc. released a statement today that wind power is expected to continue to grow worldwide, in part due to favorable government policies.

The U.S. Department of Energy has announced a goal of obtaining 6% of U.S. energy from wind by 2020. This goal is consistent with the current nationwide growth rate of wind power. (Source: www.awea.org)

From 1990 to 2002, wind has been the fastest-growing power source worldwide on a percentage basis, with an annual average growth rate exceeding 30%. An average U.S. household uses about 10,655 kilowatt-hours of electricity each year. One megawatt of wind energy can generate 2.4 to more than 3 million kilowatt-hours per year. (Source: www.awea.org)

The 2009 World Wind Energy Report issued by the World Wind Energy Association illustrated impressive growth rates in the wind sector in 2009, despite the global financial crisis. The report states, "Increasing awareness of the economic, social and environmental benefits of wind energy will further boost investment in new wind farms." (Source: www.wwindea.org)

According to a BTM Consult report posted on RenewableEnergyWorld.com, 2008 saw the highest ever level of wind turbine installations. The growth rate was 42% compared with 2007. The report's forecast also noted that the expected average annual growth rate expected through 2013 is 15.7% per year. More than 200 GW of new wind power capacity could emerge before the end of 2013. (Source: www.renewableenergyworld.com)

Wind and solar are fast becoming the leading sources of renewable energy. Kalahari Greentech designs, produces and provides wind turbines, solar collectors and other sustainable energy technologies. Nearly $2 billion in money from the American Recovery and Reinvestment Act has been spent on wind power, funding the creation of enough new wind farms to power 2.4 million homes over the past year. (Source: www.abcnews.com)

Kalahari's Wind Generator concentrates wind energy in a manner such that it can generate electric power at speeds usually too slow for conventional wind generators to produce any meaningful energy, or to even operate. It can also be modified to operate in water. For instance, it can be utilized in streams, rivers and tidal basins.

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