MIAMI, Jan. 20, 2009 (GLOBE NEWSWIRE) -- Global Wind Corporation (Pink Sheets:GWND) is to develop new Wind Power resources in the U.S. and the Middle East.
As alternative energy passes the tipping point to become a core component of American energy policy, it is difficult for investors to look past the hype to select the type of alternative energy that will deliver long term. The picture is now becoming clear from recent events -- wind is a winner.
-- While ethanol has tanked due to rising corn prices and
overbuilt infrastructure, wind has grown 482% in the last
seven years.
-- While biodiesel hit technical and environmental hurdles,
wind will exceed $30 Billion in 2008 revenue alone.
-- As solar installation costs continue to raise an impediment to
widespread adoption, global wind capacity is expected to grow
24% annually from 2007 to 2012.
Within ten years, revenues are expected to grow to over $90 billion per year. Wind delivers electrical power at costs competitive with gas powered plants and does it with clean, natural energy. This is good news for investors looking for a long-term alternative energy sector in which to invest.
Global Wind Corporation is a wind technology company developing new wind technologies and evaluating wind project development opportunities in The United States and Israel.
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