U.S. Wind Energy Installations Reach 10,000 Megawatts (MW)
Tower Tech Holdings, Inc. (OTCBB:TWRT) is please to announce that the American Wind Energy Association (AWEA) has reported that the total U.S. wind energy installations have exceeded 10,000 megawatts (MW) in wind generating capacity, with over 3,000 megawatts (MW) of additional new capacity expected by the end of 2006. The 2006 capacity forecast represents more than $3.5 billion in new wind generating equipment.
According to the AWEA, new-installed capacity for 2005 was nearly 2,500 megawatts (MW) or over $3 billion in new generating equipment that includes 1,650 large wind tower support structures in 22 states. The new installed capacity expected for 2006 is forecast to increase by more than 20% over 2005 levels, to include more than 2,000 large wind tower support structures, with commercial wind turbine installations in 30 states. AWEA expects the U.S to pass 15,000 MW of installation by the end of 2007 and expects to see have 25,000 MW installed across the nation by 2010 assuming no change in government policy. At this growth rate, the U.S could have 100,000 MW installed by 2020. More than $50 billion of wind equipment is now in place worldwide, with another $8-10 billion added annually. This record growth in wind power is driven by increasing demand for energy, the economics of global energy, concerns over fuel price volatility and supply and increasing sensitivities to environmental effects of energy production. AWEA, formed in 1974, is the national trade association of the U.S. wind energy industry. More information on wind energy is available at the AWEA website: www.awea.org.
“Wind energy is providing new electricity supplies that work for our country’s economy, environment and energy security,” said AWEA Executive Director Randall Swisher. “With its current performance, wind energy is demonstrating that it could rapidly become an important part of our nation’s power portfolio.”
Sam Fairchild, CEO of Tower Tech Holdings, Inc., had this to say: “Wind energy is here to stay, and will increasingly occupy a significant position in the North American energy market. Recent developments, including British Petroleum’s recent significant investment in Clipper WindPower and its wind energy projects, underscore how important the role of wind energy has become. Tower Tech is a clear beneficiary of this updraft, as its strategic location close to most of the wind energy projects in North America, low embedded cost profile, highly productive workforce and flexible manufacturing approach positions the company to play a major role in this unprecedented market growth.”
Tower Tech Holdings, Inc (TWRT); Headquartered in Manitowoc, Wisconsin, TWRT is dedicated to the exclusive mass-production of large wind tower support structures, wind turbine assemblies and monopiles for the multi-billion dollar wind power industry. Located on a 46 acre peninsula with access to Lake Michigan, Tower Tech leases or has options to lease more than 700,000 square feet of heavy manufacturing under roof. Tower Tech Systems believes that it has one of the largest production capacities of any wind tower manufacturer in North America, and its ability to integrate the entire manufacturing process at its Midwest facility sets Tower Tech apart from other manufacturers in the United States. Tower Tech is currently manufacturing towers for APOYOS ESTRUCTURAS METAICAS.SA. an affiliate of Gamesa Eloica and is under a multi-year, preferential manufacturing contract with Vestas Wind Systems of Denmark. For additional information visit the company website at: www.towertechsystems.com or call: Brian Neary at: 800-787-5439.
Forward-Looking Statements
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