04/17/2012 12:37 pm ET Updated Apr 17, 2012

Wind Power In New Zealand: Has Its Time Come?

The New Zealand Wind Energy Association’s new analysis predicts the tiny nation of 4 million will go from a mere 5 percent of wind capacity now, to 20 percent by 2030.

“We live in a lucky country with an exceptional wind resource,” says Eric Pyle, the association’s chief executive. “Experienced developers are already seeing wind as the most cost-effective way of generating electricity and our ability to deliver lower cost energy is still improving.”

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