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 However, his information is outdated.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 [...]
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 first-ever lease sale for offshore wind off the Carolinas’ coast has been scheduled for March 16, 2017. The lease sale will allow interested development companies to bid on the rights to site assessment activities to gauge the suitability of the area for offshore wind development. The area to be leased is known as the Kitty Hawk leasing area, and lies approximately 24 nautical miles off of North Carolina’s coast (depicted in orange in the map to the right). This announcement follows the identification of the area in August 2014 and the proposal of the sale last August. Development of offshore wind could bring substantial benefits to North Carolina.
The new study highlights the beneficial job and economic development impacts associated with the proposed power line. According to the study, the Southern Cross Transmission project will provide significant economic benefits within Louisiana, and Mississippi, including $3.9 billion in total direct, indirect, induced and fiscal economic impact. The benefits primarily stem from construction, potential local tax revenue, and operations. Notably, the benefits from low-cost wind power associated with the transmission project were not included in the analysis, suggesting a conservative analysis.
Wind power is wildly popular. But, wind power hasn’t been as quick to catch on here in the south, so we get a lot of questions and comments about wind energy. Let’s clear the air on wind farms.