Sen. Alexander says that wind power is expensive. However, his information is outdated. With its considerable wind energy resources, Oklahoma had the lowest electricity prices in the country last year. Tennessee ranked #28. Analysis by Leidos Electrical shows that Plains and Eastern Clean Line project could more than likely reduce electric rates in the Tennessee Valley, and beyond. In November 2016, Lazard Associates published their annual Levelized Cost of Energy analysis showing that the lowest cost wind power resources reach $14/MWh (1.4 cents per kilowatt hour, kWh). A new report from Moody’s Investor Services reports wind power prices for $15/MWh (1.5 cents per kWh). In 2015, Georgia Power received wind power proposals with pricing of $15.77/MWh (1.577 cents per kWh). As an already-operating wind project, the Balko Wind project in western Oklahoma sold wind power to the Public Service Company of Oklahoma for $15.80/MWh (1.58 cents per kWh). HVDC transmission charges may add an additional 2 cents per kWh. Additionally, TVA can earn revenue by using their existing transmission system to “wheel” low-cost wind power to power-hungry neighbors.
This blog post was co-written by SACE Renewable Energy Manager Simon Mahan and Coastal Climate & Energy Manager Chris Carnevale. North Carolina’s first offshore wind lease sale was held today and Avangrid Renewables was named provisional winner of the lease sale, having offered the high bid of $9,066,650, outbidding three other companies. As the provisional [...]
Just over 6,600 megawatts of installed wind power capacity exists in the Sooner State – enough to meet about 25% of the state’s annual electricity needs – more than what coal provides. Oklahoma installed nearly 2,000 megawatts in 2016 alone. By the end of the year, Oklahoma became third in the nation for the most wind power installed.
The South’s newest wind farm, Amazon Wind Farm U.S. East, in North Carolina is a perfect example of the impact a wind farm can make on a local, rural economy. The project generated approximately 250 construction jobs and 14 permanent jobs, but these statistics just touch the surface when it comes to economic activity. The wind farm is a $400 million capital investment in Perquimans and Pasquotank Counties, and the project is expected to generate $250,000 in property tax revenues in just 2017 alone. The wind developer, Avangrid (formally Iberdrola), is now the largest taxpayer in the two counties the turbines are located in. The combination of landowner payments and local taxes add up to $1.1 million injected into the local economy a year!
As a native North Carolinian and self-professed clean energy enthusiast, I have really been scratching my head lately over recent pushback on our state’s first large-scale wind farm. To catch you up on the issue, the online retail giant Amazon recently flipped the switch on a 208-megawatt wind farm, located outside of Elizabeth City in eastern North Carolina. As [...]
A new market report by the American Wind Energy Association shows that 2016 was a record breaker for the wind industry. And signs are pointing to an equally aggressive 2017. With a total of 8,203 MW of wind energy capacity commissioned during the year, the majority of projects were completed in the last three months. The United States now contains more than 82,000 megawatts of wind power. That’s enough power for the equivalent of roughly 25 million homes.
This wind farm is a monumental step not just for North Carolina, but for the entire Southeast. There is only one other wind farm in the south, Invenergy’s Buffalo Mountain Wind Energy Center in Tennessee. With so few wind farms operating in the region, wind power remains a fairly unfamiliar resource. That makes it easier for anti-wind energy activists to spread misinformation and nonsense. But as people begin to see the positive effects of wind power in their community, it becomes obvious that wind power is a winner. Studies suggests that states with more wind farms boast more public support for wind energy.As more wind farms are developed throughout the South, public acceptance will continue to increase.
Every so often, amidst partisan rancor, a glimmer of hope emerges where both sides want the same thing. In these rare instances, it’s an opportunity for all of those legislators who came to Washington to get things done to really get to work.
This just happened with infrastructure, and electricity transmission in particular.
The project is estimated to cost a mere 3 cents per kilowatt-hour. That’s comparable to the price of operating a modern natural gas power plant, making wind not only cost-effective but a guaranteed low-cost electricity source for decades in the future. Because there is no fuel cost associated with wind energy, utilities can secure long-term contracts (approximately 20-25 years) and lock in prices that protect their customers from price spikes due to volatility in fossil fuel costs. TVA could also receive additional benefits by acting as a pass-through transmission provider for other utilities purchasing wind energy, and earn additional revenue. For the TVA system, the project is estimated to actually reduce overall costs by about $1.44 per megawatt hour.
The Amazon Wind Farm is the first large-scale wind farm in North Carolina, and is located predominately in farm land. The wind developer, Avagrid, has gone through more than six years of federal, state, and local permitting, review, studies and construction. In an eleventh-hour attempt to kill the project, a small group of anti-wind power North Carolina legislators claim even more red tape is necessary, because they claim a wind farm could interfere with a radar installation in Virginia.