NewEnergyNews: ORIGINAL REPORTING: Powered by PTC, wind energy expected to keep booming

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YESTERDAY

  • Weekend Video: Global Warming In A Cold Winter
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  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-What’s Happening And What To Do About It
  • FRIDAY WORLD HEADLINE-World Ocean Wind To Quadruple by 2025
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    THINGS-TO-THINK-ABOUT THURSDAY, January 11:

  • TTTA Thursday-Climate Change Is The Biggest Terrorist Of All
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  • TTTA Thursday-Denmark Demonstrates Year Of 43.6% Power From Wind Works
  • TTTA Thursday-Two Breakthroughs For Growing EVs
  • THE DAY BEFORE THAT

  • ORIGINAL REPORTING: What's Missing From The 100% Renewable Energy Debate
  • ORIGINAL REPORTING: New Direction For The Debate Over Cost Shift And Value Of Solar
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: The UK’s Record-Breaking New Energy Boom
  • QUICK NEWS, January 9: Interior Dept. Trades Public Lands For Profits; Energy Dept Plan To Boost Coal And Nukes Bloocked; Southeast Utility Giant Misguided on New Energy
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    Founding Editor Herman K. Trabish

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  • TODAY AT NewEnergyNews, January 15:

  • TODAY’S STUDY: States Step In On Utilities' Energy Plans
  • QUICK NEWS, January 15: “Stupendously” Expensive Climate Change; New Energy Almost half Of 2017’s New U.S. Generation; Record Competitive Prices For New Energy

    Wednesday, October 19, 2016

    ORIGINAL REPORTING: Powered by PTC, wind energy expected to keep booming

    Powered by PTC, wind energy expected to keep booming despite Clean Power Plan stay; Demand for cheap wind may be so great that utilities build out enough to meet CPP targets regardless of the stay.

    Herman K. Trabish, February 17, 2016 (Utility Dive)

    Wind energy will play an increasingly vital role in the nation's power mix as a result of the extension of key renewable power tax credits, and its growth is unlikely to be significantly slowed by the judicial stay placed on the EPA's Clean Power Plan, analysts told Utility Dive. Wind industry numbers are up impressively in 2016, according to the year’s Market Reports from the American Wind Energy Association (AWEA). The fourth quarter’s 5,001 MWs represented wind’s second biggest quarterly performance. The industry now has a cumulative installed capacity of nearly 74.5 GW, and has reduced wind’s installed cost 66% since 2008. U.S. wind builders also closed the year with a strong pipeline. There were over 9,400 MW in construction across 72 projects, including over 1,800-plus MW of construction started in Q4. There were also 4,900 MW in advanced stages of development, including 1,500-plus MW of advanced development added in the last quarter.

    In December, Congress approved multi-year extensions and phase-downs of both the $0.023/kWh PTC, which had expired at the end of 2014, and solar’s 30% investment tax credit (ITC). The double punch of the extensions and the Environmental Protection Agency’s Clean Power Plan (CPP) puts the industry in position to grow well into the 2020s, with annual capacity additions topping out at an unprecedented 30 GWs in 2021, according to a Rhodium Group analysis. The Supreme Court's decision to stay the implementation of the Clean Power Plan will increase uncertainty but the expansion in wind energy is likely to be significant. The Rhodium analysis estimates 116 GW cumulative utility scale wind and solar capacity addition due to the tax extenders and the CPP. If the Supreme Court decision only delays CPP implementation, it will shift the horizon back a year or two, but won't significantly change the capacity outlook… click here for more

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