Renewable energy is becoming less expensive than coal

Renewable Energy Cheaper than Coal

New report highlights the increasingly affordable nature of renewable energy Unsubsidized wind and solar power have become the least expensive forms of new energy generation. A new report from the United Nations and Bloomberg New Energy Finance shows that renewable energy experienced a significant reduction in cost last year. As clean power systems begin to not rely on subsidies from governments, the electricity they generated is becoming less expensive than that generated by coal. Cost of clean power is falling quickly According to the report, the total cost of generating…

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Oklahoma is ending its wind energy tax credit

Wind Energy - Tax Credit Ending

State moves to put an end to tax credit that has supported wind energy for a decade Oklahoma will be putting an end to a tax credit that has helped support the growth of wind energy in the state. Currently, Oklahoma ranks third in the United States in terms of wind capacity and generation, largely due to the tax credit that has supported the sector for a decade. Governor Mary Fallin signed legislation this week that will roll back the tax credit gradually through 2027. The short-term impact of this…

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New offshore wind energy project will not require subsidies from Germany government

Wind Energy - Wind Turbines and Clouds

Germany will be building its first wind energy system that will not use government subsidies Germany is preparing to build its first offshore wind energy system that is not dependent on government subsidies. The project comes from Bundesnetzagentur (BNetzA), which has approved bids on the project coming from various organizations. The company intends to develop some 1,490 megawatts worth of wind energy capacity in the North Sea. The organizations that would be involved in this endeavor would be providing electricity from these wind farms at approximately $4.67 per megawatt-hour. Wind…

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E.ON to invest in new airborne wind energy project

Airborne Wind Energy - Wind Turbine

European company will be supporting an innovative airborne wind energy project E.ON, an energy company based in Europe, has announced that it will be investing in an ambitious new wind energy project. The company will be investing in the development and potential construction and operation of an airborne wind energy demonstration site. The site is located in County Mayo, Ireland, and will make use of drones in order to capture the power of the wind. These drones will be tethered, but will be operating offshore. New project will use drones…

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BT to purchase electricity from Scottish wind energy system

Wind Energy - Wind Turbine in Scotland

BT will be forming a power purchase agreement with wind energy developer in Scotland BT, a telecommunications operator in the United Kingdom, has announced that it will be entering into a power purchase agreement with a Scottish wind energy company. Through this deal, BT will be spending $230 million over the next 15 years in order to purchase electricity generated by a wind farm in Scotland. According to BT, there are 13 wind turbines in the north of Scotland that generate approximately 100 gigawatt-hours of electricity every year. Company plans…

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Wind energy reaches a new record in India

Wind Energy - Wind Turbine on hill

India has achieved a new milestone with its wind energy projects India has reached a new milestone with its wind energy production. During the 2016-2017 fiscal year, the country generated 5,400 megawatts of wind power, surpassing its goal of generating 4,000 megawatts of wind energy. Renewable energy has been experiencing healthy growth in India. The country is home to approximately 50,100 megawatts of installed clean energy capacity. More than 55% of this capacity comes from wind power projects. Despite the growth of clean power, only 16% of the country’s electricity…

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Wind energy market in Kansas is showing signs of healthy growth

Wind Energy in Kansas - Wind Turbines

Energy officials predict that the wind energy market will continue to thrive Wind energy developers in Kansas have high hopes for the state’s clean power market. Several energy companies predict that the wind market will continue to see growth well into the future, even as large developers begin to slow the creation of new projects. One of the reasons the wind market is expected to continue expanding is because of the increasingly efficient nature of turbine technology. Utilities are showing more interest in wind power due to costs In Kansas,…

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Texas wind power use gets a shot in the arm with huge 7-Eleven deal

Wind Enegy - Texas Flag in Wind

The company has signed an agreement with TXU Energy so it will buy 100 percent wind energy for its Texas locations. 7-Eleven signed a Texas wind power agreement with TXU Energy. This deal allows the convenience store giant to purchase 100 percent wind energy for each of its store locations within the state and that are positioned within “competitive energy markets.” This represents the majority of the 7-Eleven locations in Texas. The Texas wind power agreement will continue over 96 months. This will provide wind energy to 425 stores and…

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ERCOT predicts that wind energy will play a major role in Texas’ future

Wind Energy - Tall Wind Turbine

Wind energy is quickly gaining importance in Texas Wind energy will become an integral part of Texas’ future, according to the Electric Reliability Council of Texas (ERCOT). The organization operates the majority of the energy grid in the state and believes that wind power has become a reliable source of electricity capable of meeting the needs of consumers throughout Texas. ERCOT’s seasonal assessment shows that wind energy will be able to generate enough electricity to help meet projected peak demand, which is significant as temperatures rise and consumers rely more…

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Scotland grants approval for another offshore wind energy project

Offshore Wind Energy - Win Turbines and Boat

New offshore wind energy project wins the approval of the Scottish government The Scottish government has granted approval for another offshore wind energy system. The Dounreay Tri Floating Wind Demonstration Project, as the name suggests, is meant to showcase the capabilities of offshore turbines. These turbines have the potential to produce significant amounts of electrical power due to their ability to capture the strong wind currents that can be found at sea. Plans for the new project follow approval granted for two other offshore wind farms, which began development last…

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Wind energy industry in the US shows great promise

Wind Energy - Wind Turbines in USA

New analysis highlights the economic impact on the wind energy industry Navigant Consulting has released a new analysis of the wind energy industry in the United States. The analysis shows that the wind sector is set to have a major economic impact in the country. This is despite concerns regarding federal energy policy. Advocates of clean power have expressed worry that the federal government will show less support for wind energy in the coming years. This is due to the promises made by the Trump Administration to reduce regulations on…

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Wind energy makes more progress in Scotland

Scotland Wind Energy - Scottish flag blowing in wind

New information shows that wind energy generation in Scotland has reached new heights More progress has been made in Scotland’s continuing efforts to expand its use of wind energy. WWF Scotland and WeatherEnergy have released new information showing that wind generation in Scotland increased by a significant margin in February. The growth of wind capacity has outpaced what was recorded during the same period in 2016. The Scottish government has been showing significant support for wind energy in recent years, investing heavily in new projects that will allow Scotland to…

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Wind energy reaches new record in the United States

US Wind Energy - American Flag

SPP sees a significant increase in wind capacity Wind energy in the United States reached a new power generation record, according to Southwest Power Pool (SPP). The organization represents 14 states and manages the flow of electricity into the energy grid. Wind energy is quickly becoming a favored form of clean power for the United States. The country has shown strong support for wind in recent years, which has contributed heavily to the development of new projects in several states. Wind capacity grows beyond 16,000 MW According to SPP, wind…

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Costs of wind energy to continue falling in the coming years

wiind energy - reduced costs

Study highlights the promising future ahead for wind energy Wind energy in the United States, and elsewhere in the world, will continue to experience technological breakthroughs in the coming years, according to researchers from the Lawrence Berkeley National Laboratory. The research team has conducted the largest study concerning renewable energy every conducted. The study concluded that as clean technology becomes more advanced, the cost of renewable energy will continue to fall dramatically. This is particularly true for wind energy, which can benefit greatly from the advances being made to turbine…

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Minnesota could look to increase its renewable energy goals

Renewable Energy Goals - Image of Minneapolis Minnesota

New measure seeks to make changes to state’s clean power goals A new measure in Minnesota could change the way the state obtains its electricity. The measure aims to have Minnesota derive no less than half of its electricity from renewable sources by 2030. This is more than double the state’s current clean power goals in terms of energy generation. Wind and solar power are expected to play a very significant role in the state’s future, as these have become the most famous and well supported forms of renewable energy…

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Wind energy is gaining more momentum in Denmark

Wind Energy - Denmark Flag Blowing In Wind

Wind energy continues to experience strong growth in Denmark Denmark has made major strides in embracing wind energy in recent years and the country has reached a new milestone in terms of electrical production through its wind farms. According to information from WindEurope, Denmark generated enough electricity from its wind energy systems last week to meet all of its energy needs. The majority of the country’s wind capacity comes from its onshore systems, but Denmark also has several offshore wind farms in operation currently. Wind farms generate enough electricity to…

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