Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Wind Generation Outpacing Natural Gas In US In 2012

 
Energy generation from wind is on target to beat natural gas in 2012, thanks to a mad dash by wind producers to finish projects, as the wind tax credit is set to expire on January 1st.

As of November 30th,  preliminary numbers have 6,579 megawatts (MW) of new wind capacity created in the US, just nudging ahead of natural gas, which is at 6,335. It’s also about twice the amount of new coal power being produced, according to a recent Bloomberg article.

“Wind will very likely beat gas, but it may be close,” said Amy Grace, who heads wind energy analysis for New York–based Bloomberg New Energy Finance.

“It’s very likely that we get over 8 gigawatts for 2012,” she said. Finalized data will come from Ventyx Inc. in January, 2013.

But with the end-of-year surge, it’s quite possible that we will get a lot more wind power by the end of the year.

New wind energy capacity could possibly reach as high as 12 gigawatts (GW), beating new gas turbines and possibly adding more new wind capacity in November and December as in all the rest of the year.

The impact of wind energy in the energy mix is starting to make a real impact, a big difference from just a few years ago, as noted by an industry expert:

“It shows that wind has firmly planted its foothold as a valuable energy source,” Jacob Susman, chief executive officer of New York wind developer OwnEnergy Inc., said in an interview. “Five years ago we had to drag utilities in kicking and screaming. Now they’ve got teams of experts who understand its value.”

However, the ongoing threat of the wind power production tax credit expiring looms large. If the credit were to expire, data from Bloomberg New Energy Finance points to US wind energy installations plummeting as much as 88% next year (to about 1.5 GW).

Recently, to address these concerns, the American Wind Energy Association (AWEA) has put forward a plan to phase the credit by 2019, to prevent the potential loss of 37,000 wind energy jobs.

Critics, including senior vice president of Exelon Corp. Joseph Dominguez, who heads one of the largest US nuclear power plants, suggests the wind industry is strong enough to live without the tax credit, because of the strong installations recently:

“The wind energy industry has matured and is thriving today; the PTC is no longer needed,” Dominguez said in a Dec. 13 statement, opposing the AWEA plan.

The increase in wind installations, with the pending end of the tax credit, has benefited General  Electric (GE), said Jeffrey Immelt, GE’s CEO, in a recent teleconference call on December 17th.

“We’ll probably make more money this year than the rest of the industry combined in renewables,” Immelt said.

“We can’t control how the PTC works or doesn’t work, but we have a very strong competitive wind business that basically has done the job,” he said.

Can wind energy installations keep up this frantic pace? The next few months will be very interesting. We’ll see where the road takes the wind industry.

Source: Bloomberg 

 
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 

Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
 

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Advertisement
 
Written By

is expected to complete the Professional Development Certificate in Renewable Energy from the University of Toronto by December 2017. Adam recently completed his Social Media Certificate from Algonquin College Continuing & Online Learning. Adam also graduated from the University of Winnipeg with a three-year B.A. combined major in Economics and Rhetoric, Writing & Communications in 2011. Adam owns a part-time tax preparation business. He also recently started up Salay Consulting and Social Media services, a part-time business which provides cleantech writing, analysis, and social media services. His eventual goal is to be a cleantech policy analyst. You can follow him on Twitter @adamjohnstonwpg or check out his business www.salayconsultiing.com.

Comments

You May Also Like

Clean Power

Pumped hydro already accounts for 93% of utility-scale energy storage in the US, and plans are in the works to build up from there.

Clean Transport

The new 793 electric truck from Caterpillar is just the tip of the iceberg as the global mining industry pivots into electrification and interoperability.

Agriculture

A turkey is a symbol of US Thanksgiving dinner traditions. But how do you make flexitarians -- guests who prefer vegetarian or vegan eating...

Bicycles

The Nomad 1 e-bike from Velotric brings muscle, power, fun, and zero emissions to the daily commute (workout optional).

Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.