Wind power installations hit new milestone | Business News

Wind power installations hit new milestone

20 Jan 2016 | Author: | No comments yet »

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

Wind power has grown quickly in recent years. Wind energy can now power 19 million homes, or meet the total electricity demand of Oklahoma, Nebraska, Kansas, Colorado and Wyoming, the American Wind Energy Association (AWEA) said Monday. “This American wind power success story just gets better,” Tom Kiernan, AWEA’s chief executive officer, said in a statement. “Wind energy is the biggest, fastest and cheapest way we can cut carbon pollution here in the U.S., and as wind power grows, so will savings for American families and businesses all across the country.” The industry’s good news comes days after Congress agreed to extend for five years the tax credit for producing wind power, a significant factor in the industry’s growth, while phasing it out over that time. As of the November report, there are more than 50,000 wind turbines operating in the United States at more than 980 utility-scale installations in 40 states and Puerto Rico, AWEA said. 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. 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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