Wind Power Continues Steady Growth Across The U.S.

20 Jan 2016 | Author: | No comments yet »

Wind Power Continues Steady Growth Across The U.S..

Wind power has grown quickly in recent years. The federal budget deal, passed by Congress and signed by President Obama last week, includes a five-year extension of the Renewable Energy Production Tax Credit.

As a low-carbon source of electricity, wind power also got a boost from the Paris climate change agreement and the Obama Administration’s Clean Power Plan. Wind accounts for just a fraction of total generation. “We’re approaching 4.5 to 5 percent of total electricity use in the United States,” says Goggin.

One reason wind is becoming more competitive is price. “The cost of wind energy is down by 66 percent — or two-thirds — since 2009,” says Goggin, who credits new technology and economies of scale as the industry gets bigger.

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