The industry group’s data shows 176MW of capacity came online in 2009. Developers report that the economic downturn this year has made investors extremely risk-averse, dampening sector growth, according to GEA.
“However, if the economy continues to recover, and federal and state policies providing incentives to investors remain in effect, a significant rebound is expected in 2011,” the report says.
It estimates that 500MW to 700MW of projects will enter advanced phases of construction between the last two months of 2010 and yearend 2011, creating 3,000 jobs mainly in California and Nevada.
GEA
