The technological advances made with wind turbines have resulted in clear bottom line: Wind power is more efficient and affordable than it has ever been, which has helped drive its popularity along with power prices and incentives such as the U.S. production tax credit. Also, Fisas-Camanes said wind power has proven itself as a good option for companies looking for power that can come online quickly.
"It's a fast track technology, it doesn't need water and it doesn't pollute the earth, so it's an easy and quick energy solution for increased generation," he said. "I think there are a number of reasons, technology being one of them, that have helped lower the cost for energy."
As quickly as wind technology has developed in the past 10 years, Fisas-Camanes said he expects that pace to at least continue and possibly accelerate. He said he expects many advances in the next 10 years, including a new generation of offshore and onshore wind turbines that will have more value for their owners and more developments in the components and controls of a turbine.
"It's an open book," he said. "If you look at how this industry has been evolving, it's amazing. It's a very dynamic, technology-driven industry with a focus on cost, and I think we'll see a lot of interesting things in the next 10 years."