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Record low costs drive opportunities in U.S. wind energy: Industry sees 4x growth by 2030...
http://www.awea.org/MediaCenter/pressrelease.aspx?ItemNumber=6904[font face=Serif][font size=5]Record low costs drive opportunities in U.S. wind energy[/font]
[font size=4]Industry sees 4x growth by 2030, with critical tax policy up for renewal[/font]
[font size=3]October 20, 2014
New York, N.Y. – Driven by record low costs and high demand from power purchasers, the U.S. wind industry was at its busiest ever in the third quarter while completing the record number of wind projects that were under construction at the start of the quarter.
So far, 19 wind projects have been completed in America this year, with as much wind generating capacity as in all of 2013, according to Third Quarter results released today. The American Wind Energy Association expects a strong finish to the year and stepped-up installations in 2015, CEO Tom Kiernan said Monday at the industry’s annual gathering for Wall Street investors at the Roosevelt Hotel in New York.
...
“With continued technological innovation, wind energy has become so affordable that it offers utilities and consumers an irresistible value,” he added, citing recent Department of Energy (DOE) data showing the cost of U.S. wind power down by more than half over five years. “We believe Congress will do what it takes so we can keep these U.S. factories open and offer this increasingly affordable source of electricity to more Americans, instead of seeing the 92 percent dropoff we saw in 2013 when the tax credit was last allowed to expire.”
The DOE report also shows fix-priced wind energy is the most affordable energy option available, particularly after expected increases and volatility in the price of other energy sources are taken into account. Moreover, zero emission wind energy is ideally suited to help utilities comply with the pending EPA Clean Power Plan that will regulate emissions of carbon dioxide from existing power plants.
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[font size=4]Industry sees 4x growth by 2030, with critical tax policy up for renewal[/font]
[font size=3]October 20, 2014
New York, N.Y. – Driven by record low costs and high demand from power purchasers, the U.S. wind industry was at its busiest ever in the third quarter while completing the record number of wind projects that were under construction at the start of the quarter.
So far, 19 wind projects have been completed in America this year, with as much wind generating capacity as in all of 2013, according to Third Quarter results released today. The American Wind Energy Association expects a strong finish to the year and stepped-up installations in 2015, CEO Tom Kiernan said Monday at the industry’s annual gathering for Wall Street investors at the Roosevelt Hotel in New York.
...
“With continued technological innovation, wind energy has become so affordable that it offers utilities and consumers an irresistible value,” he added, citing recent Department of Energy (DOE) data showing the cost of U.S. wind power down by more than half over five years. “We believe Congress will do what it takes so we can keep these U.S. factories open and offer this increasingly affordable source of electricity to more Americans, instead of seeing the 92 percent dropoff we saw in 2013 when the tax credit was last allowed to expire.”
The DOE report also shows fix-priced wind energy is the most affordable energy option available, particularly after expected increases and volatility in the price of other energy sources are taken into account. Moreover, zero emission wind energy is ideally suited to help utilities comply with the pending EPA Clean Power Plan that will regulate emissions of carbon dioxide from existing power plants.
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