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China WindPower Group Ltd, Iberdrola SA and Duke Energy Corp will lead development of an estimated $65 billion of wind-power plants this year that let utilities reduce their reliance on fossil fuels.
The estimate from Bloomberg New Energy Finance assumes a 9 percent increase in global installations of wind turbines this year, adding as much as 41 gigawatts of generation capacity. That's the equivalent of 34 new nuclear power stations.
Citing a rift with other member companies hostile to U.S. climate change legislation, Duke Energy left a business coalition linked to a recent scandal over forged letters sent to members of Congress opposing the Waxman-Markey climate change bill.
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