UTILITIES BUYING WIND

Utilities Across The U.S. Are Cashing In On The Lower Price Of Wind Power

Joseph Bebon, October 31, 2013 (North American Windpower)

"…[New] installed U.S. wind capacity is taking a steep dive this year…[but more] utilities are embracing wind power…According to the American Wind Energy Association's (AWEA) third-quarter 2013 market report, U.S. utilities have locked in more than 5.67 GW of wind under long-term power purchase agreements (PPAs) and announced over 1.87 GW of self-builds since the beginning of this year - a total surpassing 7.5 GW…[U]tilities’ increasing interest in wind power is mostly a matter of economics…[W]ind PPA prices dropped 43% on average across the country between 2008 and 2012. Last year, the PPA price range was anywhere from $30/MWh to $80/MWh. And the costs may be getting cheaper still…[Improvements] are being made across the industry to push down costs and push up performance - which lowers the price of energy…” click here for more

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