U.S. Wind To Double By 2023
DOE Annual Energy Outlook projects doubling of wind energy; Strong U.S. wind power growth will continue according to a new report.
Michael Goggin, Janury 6, 2017 (Into The Wind)
“…[The Department of Energy (DOE) annual report projects] wind power capacity will double from 76 gigawatts (GW) today to 152 GW by the year 2023…[That will] result in wind supplying 12 percent U.S. electricity by that time…[based on updated Energy Information Administration (EIA)] assumptions for wind’s cost and better performance to include recent technological improvements…[Wind deployment is still strong even in EIA’s scenario without federal carbon policy in place, reaching 140 GW by 2023…[N]ew wind deployment drops off significantly in EIA’s scenarios after 2023…[because of incorrect assumptions] that wind energy’s cost will stop declining and remain roughly at its current level…even though the U.S. wind industry has achieved 66 percent cost declines over the last seven years. Further double-digit cost declines are expected over the coming years…” click here for more