DOE: Wind power counts for 32% of new generation in 2011

The Energy Department (DOE) released a new report saying that 32 percent of all new generating capacity additions were from wind, accounting for 6,800 MW of new generation and $14 billion in new investment.

According to the 2011 Wind Technologies Market Report, the U.S. also built nearly 70 percent of the equipment installed at U.S. projects, including towers, blades, gears and generators. That number is up from 35 percent in 2005.

By the end of 2011, U.S. wind power capacity was 47 GW and has since grown to 50 GW, the report said. The country’s cumulative installed wind energy capacity grew 16 percent from 2010, and has increased more than18-fold since 2000.  The report also finds that six states now meet more than 10 percent of their total electricity needs with wind power.

Wind project capital and maintenance costs continue to decline as technical innovation has helped to increase the efficiency of wind turbines. For new wind projects deployed last year, the price of wind under long-term power purchase contracts with utilities averaged 40 percent lower than in 2010 and about 50 percent lower than in 2009, making wind competitive with a range of wholesale power prices seen in 2011.

However, the report finds that 2013 may see a dramatic slowing of domestic wind energy deployment due in part to the possible expiration of federal renewable energy tax incentives, including the Production Tax Credit (PTC).

To download the full report, click here.

Read more wind energy news

Sponsored by FLSmidth

Related Articles

Check out these highlights during Power Generation Week

More than 22,000 industry professionals from around the world gathered in Orlando for Power Generation Week, where innovative and cost-effective solutions for maintaining, operating and building new power generation were shared. More than 1,400 exhibiting companies from every sector of the industry showcased their products and services on the exhibit floor.

RES Americas, PSE to develop battery storage project

Puget Sound Energy (PSE) and Renewable Energy Systems Americas Inc. (RES Americas) have announced plans to launch a battery storage project in Whatcom County, Washington.

Follow Power Engineering on Twitter
Latest News

FPL plans to add new 1,600-MW combined-cycle gas power plant

NextEra Energy (NYSE:NEE) utility Florida Power & Light (FPL) said July 2 that it plans t...

Valley NG retires 1,069 MW of gas-fired steam capacity in Texas

Valley NG Power Co. LLC on July 2 asked the Public Utility Commission of Texas to let it drop...

SunEdison, Gamesa sign MOU to develop 1 GW of wind power

SunEdison (NYSE: SUNE) and Gamesa (BME: GAM) have signed a Memorandum of Understanding (MOU) ...

Dominion looks to SCC to approve Greensville Power Station

Dominion Virginia Power (NYSE:D) asked the Virginia State Corporate Commission (SCC) for...

SunEdison begins construction at wind energy project in Maine

SunEdison (NYSE: SUNE) secured financing for and started construction on the 185-MW Bingham W...

PNM files ownership plan, coal supply deal with regulators

New Mexico's largest electric provider says it's on track to meeting a deadline for submittin...

Oklahoma attorney general challenges EPA's clean-air plan

A plan by the U.S. Environmental Protection Agency to reduce emissions from coal-fired power ...

Wave Energy Week will mix marine energy developers with traditional hydropower

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in ...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

Pure Cycle Corporation Announces Fourth Amendment to Purchase and Sale Agreement and Expiration of Initial Due Diligence Period

Pure Cycle Corporation Announces Fourth Amendment to Purchase and Sale Agreement and Ex...

Ideal Power Receives 5 MW of Orders for Its 30kW and 125kW Power Conversion Systems

Ideal Power Receives 5 MW of Orders for Its 30kW and 125kW Power Conversion Systems

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Permian Production Stays Strong as Eagle Ford Tapers Off in the Face of Low Oil & Gas Prices, an Industrial Info News Alert

Permian Production Stays Strong as Eagle Ford Tapers Off in the Face of Low Oil & Gas P...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>