news
Please send us news about clean-technology companies, trends, and industry events. All materials are subject to editorial review. E-mail us at editor@cleanedge.com.
indexes
Clean Edge Stock Indexes: Tracking the Performance of U.S.-Traded Clean-Energy and Global Wind and Smart Grid Infrastructure Companies.
U.S. Wind Industry's Installed Capacity Has Doubled Since 2006
September 8, 2008Source: Clean Edge News
The U.S. wind industry has raced past the 20,000-megawatt (MW)
installed capacity milestone, achieving in two years what had
previously taken more than two decades, the American Wind Energy
Association (AWEA) said recently (the 10,000-MW mark was reached in
2006). Wind now provides 20,152 MW of electricity generating
capacity in the U.S., producing enough electricity to serve 5.3
million American homes or power a fleet of more than 1 million
plug-in hybrid vehicles.
"Wind energy installations are well ahead of the curve for
contributing 20% of the U.S. electric power supply by 2030 as
envisioned by the U.S. Department of Energy," said AWEA Executive
Director Randall Swisher. "However, the looming expiration of the
federal renewable energy production tax credit (PTC) less than four
months from now threatens this spectacular progress. The PTC has
been a critical factor in wind's very rapid growth as a part of the
nation's power portfolio." The PTC is currently set to expire at
the end of 2008.
The 20,000 MW of wind power installed in the U.S. today can generate
as much electricity every year as 28.7 million tons of coal or 90
million barrels of oil. Wind generation currently displaces 34
million tons of carbon dioxide annually, equivalent to taking 5.8
million vehicles off the road. A U.S. Department of Energy study
released in May found that wind could provide 20% of U.S.
electricity by 2030. At that level, wind power would support
500,000 jobs and reduce greenhouse gas emissions as much as taking
140 million vehicles off the road.
The U.S. is now the world leader in wind electricity generation.
While Germany has more generating capacity installed (about 23,000
MW), the U.S. is producing more electricity from wind because of its
much stronger winds. AWEA expects over 7,500 MW of new wind
capacity to be added in 2008, expanding America's wind energy fleet
by 45% and bringing total U.S. capacity to some 24,300 MW.
Although 20,000 MW is an important milestone, wind power provides
just over 1.5% of the nation's electricity, far below the potential
identified by experts. Still, it is one of the fastest-growing
electricity sources today, providing 35% of the total new capacity
added in 2007 (second only to natural gas). The U.S. had 1,000 MW of
wind power installed by 1985; 2,000 MW installed by 1999; and 5,000
MW by 2003. Its first 10,000 MW was installed by mid-2006.