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.
On November 29th, the Tuesday after Thanksgiving, you can join others around the country and encourage spending with a purpose. Be part of the movement to change the way we produce and consume energy in the Southeast by supporting the Southern Alliance for Clean Energy.
We’ve all heard of Black Friday. And probably Cyber Monday. But what about #GivingTuesday? Join this global day on November 29, 2016 by donating to SACE, who is committed to fighting global climate change!
The time to contract for low cost wind power is now. The largest renewable energy project in the making is a proposed power line that will bring huge amounts of cheap, wind energy to the South, but electric companies must act quickly.
Wind resources from western Oklahoma and Texas – where the Clean Line and Pattern Energy transmission line projects will source wind – are being marketed at prices around $20-30 per MWh. 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.
The single most-significant difference came from the so-called ‘leading experts’: a hand-selected group of 22 individuals who are among the wind sector’s most knowledgeable and senior leaders. Those experts were, on average, even more optimistic about wind energy cost reduction, expecting LCOE to decline by 27% by 2030 and 48% by 2050 in the median scenario, and by 57% and 66% in the low scenario (Figure 4). The views of this group suggest even greater potential for cost reduction than noted earlier.
Wind farm development in the south has been slow. At one time, the sauntering southern breezes seemed too sluggish to harness for wind farm development. Research, meteorology and advanced wind turbine technology have finally enabled economic wind farm development in the south. Two southern cultural references, mixed with some new science, help explain why wind [...]
The LBNL report tracks trends in cost and performance among other metrics for the wind energy industry nationwide. Just over 5% of all electricity generated in the country comes from wind power. The average installed price for wind energy capacity is down 24% in just five years.
Our followers on social media think the answer should be “as much as possible,” but in our brief SACE argues in favor of a cap of 2,500 megawatts (MW) of renewable energy, likely to be mainly solar and wind. Georgia Power has proposed only 525 MW, and other parties have signaled interest in 1,200 MW or 2,000 MW. What’s remarkable about this “debate” is that everyone involved agrees that whatever the number, Georgia Power customers will end up saving money as these projects will cost less than the projected cost of generating power. This approach to developing renewable energy has been led by Commissioner Bubba McDonald.