Aside from the world economy, the other factor with a strong influence on wind market growth is the price of electricity generated by competing technologies. By the end of last month, oil prices, which influence all fossil-fuel energy prices, were starting to recover and had climbed above $50/barrel. At current oil prices, wind is not as competitive as it was when fossil fuel prices peaked around the middle of last year with oil at nearly $150/barrel. The uncertain financial climate may cause difficulties for wind's other competitor, nuclear, although state financing and/or guarantees may mitigate its financial risks.
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol