WIND BOOM DRIVES DOWN COST

Energy Department Reports Highlight Trends of Growing U.S. Wind Energy Industry; New Installations Usher in Lowest Wind Energy Prices to Date

August 10, 2015 (U.S. Department of Energy)

“…[T]he U.S. wind energy industry continued growing at an impressive rate in 2014, further solidifying America’s position as a global leader in wind energy. Wind power is a key component of the President’s all-of-the-above energy strategy and Clean Power Plan to reduce climate-changing carbon pollution, diversify our energy economy, and boost America’s economic competitiveness…With rapidly increasing wind energy generation, fast-growing demand, and steadily decreasing wind energy prices—the lowest ever seen in the United States— the U.S. wind energy market remains strong…According to the 2014 Wind Technologies Market Report…total installed wind power capacity in the United States grew at a rate of eight percent in 2014 and now stands at nearly 66 gigawatts (GW), which ranks second in the world and meets 4.9 percent of end-use electricity demand in an average year. The United States was the global leader in total wind energy production in 2014. The report also finds that wind energy prices are at an all-time low and are competitive with wholesale power prices and traditional power sources across many areas of the United States…” click here for more

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