Emerging Growth Research has announced the availability of its new research report titled, U.S. Wind Power - State of the Industry and 2009 Predictions. The report discusses the current state of the U.S. wind power industry and offers specific predictions relative to 2009. Among these predictions are continued wind turbine price reductions and improved availability, continued expansion of community owned wind farms, federal government implementation of an aggressive cap-and-trade program and long term extension of the production tax credit (PTC) both of which will significantly benefit the domestic wind power industry.

“The incoming Obama administration will clearly be the first administration to accept the realities of global warming and embrace alternative energy sources as one of the solutions,” commented Joseph Noel, the lead researcher on the project. “The U.S. wind industry continued rapid expansion during 2008 and while we do expect capacity expansion to contract slightly during 2009, it will nevertheless be very robust despite significant price reductions for oil and natural gas.”

The report, which is downloadable at the link provided below, also offers several specific investment recommendations, including community wind farm provider Juhl Wind, Inc. and energy technologies company American Superconductor Corp. Also included in the report is a detailed analysis of Otter Tail Corp.