NewEnergyNews: Wind Boom Goes On Growing Midwest Wealth

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    Thursday, April 20, 2017

    Wind Boom Goes On Growing Midwest Wealth

    Industry report: Midwest and Great Plains lead wind energy expansion

    Frank Jossi, April 19, 2017 (Midwest Energy News)

    “Wind power represents more than 80 percent of the new electricity generating capacity built in the Midwest and Great Plains states over the past five years as the industry continues to grow…[and the Midwest/Great Plains nexus – combined with Texas — captured 89 percent of all investment in wind last year, according to the] American Wind Energy Association’s annual 2016 report…Iowa now get 35 percent of its power from wind, South Dakota now gets 30 percent, and] North Dakota, Oklahoma and Kansas produce more than 20 percent of their electricity demand from wind…Xcel Energy [will invest $2.5 billion] to purchase or build more than 1,500 megawatts of wind energy, [largely in Minnesota, South Dakota and] North Dakota…[It is projected to save] more than $4 billion in fuel and other costs…Power purchase agreements between Fortune 500 corporations and wind developers, among them Target, 3M, and Johnson & Johnson, are also helping to drive growth…A report from the Lawrence Berkeley National Laboratory showed in 2015 wind cost $20 per megawatt hour, compared to $55 a megawatt hour in 2009…” click here for more

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