WIND BOOMS AS ‘MOST AFFORDABLE ENERGY OPTION’

Record low costs drive opportunities in U.S. wind energy; Industry sees 4x growth by 2030, with critical tax policy up for renewal

October 20, 2014 (American Wind Energy Association)

"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…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…The American Wind Energy Association expects a strong finish to the year…stepped-up installations in 2015…[and] is optimistic that Congress will [extend the renewable energy Production Tax Credit after the November election]…[R]ecent Department of Energy (DOE) data showing the cost of U.S. wind power down by more than half over five years…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…” click here for more

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