Sunday, April 11, 2010

Daniel Gross On The Recovery: An Example from Colorado

Financial and economic writer Daniel Gross has an insightful piece in Slate on why the U.S. economic recovery will be stronger and faster than many experts predict. Gross cites the emerging wind energy cluster in the Colorado's "Renewable Range" as an example of an emerging ecosystem which has the potential to create a huge amount of new economic activity.

"Skepticism about the potential for millions of "green jobs" to materialize
overnight is warranted. But in some areas, a process similar to the iTunes
experience is developing. The Danish wind-turbine maker Vestas in recent years
has announced investments of nearly $1 billion in wind-turbine-manufacturing
plants in Colorado, which, when completed, will directly employ about 2,500
people. But Vestas has also attracted a dozen-odd suppliers, including
components producers like Aluwind, PMC Technology, Bach Composite, and Hexcel.
And it's not just about the hardware. Renewable Energy Systems Americas, the
largest manager of wind farms, moved its corporate headquarters to Broomfield,
Colo., in 2008. Last month Colorado mandated that 30 percent of the state's
energy be produced from renewable sources by 2020. "

This is Gross' second mention of the wind energy story in Colorado, that I am aware of, so he must be tracking developments in Denver closely.

No comments: