While Sauer Energy is pioneering the micro part of wind-powered energy — smaller units for home, rural and commercial use — it’s also important to stand back and see the larger, macro picture. Because, while our company is a big deal in our own small niche, it’s important to remember that we’re part of something far, FAR greater.
Look at this …
- New wind turbines are now over 600 feet high, from blade-tip to ground. That’s equal to a 50-story office building, and half of Sweden’s turbines are in the 500 – 600 foot range. In the UK, turbines are “only” permitted to a maximum of 450 feet, but that’s enough to tower over St. Paul’s Cathedral.
- The average purchase price for wind power from the U.S. grid has fallen to the once unthinkable level of 2.35¢ per kilowatt/hour (KWh), according to the U.S. Energy Department.
- At this level, wind competes toe-to-toe with coal or gas. American Electric Power in Oklahoma tripled its demand for local wind power last year simply because the bids came in so low.
"We estimate that onshore wind is either the cheapest or close to being the cheapest source of energy in most regions globally," said Bank of America in a report last month.
- The world added a record 51 gigawatts (GW) of wind power capacity last year. Almost 40% of this was in China, where its vast plains have become the epicenter of the global industry — though the U.S. Midwest from the Dakotas to Iowa — and Texas is no slouch, either. Total global capacity has now reached 370 GW. But China, alone, is scheduled to reach 400 GW in the coming 15 years.
- Wind power as an investment? The largest manufacturer of those big turbines, Vestas Wind Systems, was considering bankruptcy in 2012. Since then, its share price has soared 20-fold. SENY investors, take note!
All of which is good to see. For a long time — and we remember it well — wind energy was regarded as a not-too-practical source of energy for “some time in the future.” Well, folks, the “future” is here and now, and Sauer Energy plans on playing a major role.
President & CEO
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