All About The Wind Boom
Why Wind Energy Is Booming in the U.S.
Travis Hoium, October 29, 2017 (Madison.com)
“The U.S. wind industry has had a resurgence in the last few years as utilities and companies search for new renewable energy generation…Through the end of 2016, 82.1 GW of wind has been installed, and that figure will only grow over the next five years [As companies like Amazon and Alphabet Inc and renewable energy yieldcos look to expand their generation]…Improving technology and subsidies are working together to make wind an attractive energy source for developers…[T]urbines aren't actually getting cheaper on a cost-per-watt basis…[but] wind projects have a higher capacity factor, meaning each watt of wind generation installed is generating more electricity per year…From 1998 to 2001, capacity factor was 25.4%, and projects built in 2015 had a capacity factor of 42.6%. Each watt installed generated 67% more electricity…Wind gets a production tax credit, and solar gets an investment tax credit; here's how that creates an advantage for wind energy… If wind turbine manufacturers can continue to cut costs and increase capacity factor, the industry will continue to grow…” click here for more