Wind and Solar Projects to Dominate North American Power Industry Capital Spending in 2010

BATON ROUGE, LOUISIANA--November 18, 2009--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Rising costs and the prospect of carbon-dioxide reductions have stymied construction activity for nuclear and coal-fired generators in the U.S. this year, leading to a surge in project starts for renewable energy generation. This trend likely will continue into 2010. Wind power projects are scheduled to account for 31% of all power generation construction starts in 2010. These projects have a total investment value of $53.1 billion, according to Industrial Info.