Wind energy is growing slowly in the south, but that may soon changeFebruary 21, 2017
Wind energy could be gaining more momentum in the south
Wind energy has become the largest renewable power sector in the United States, but its adoption has been lagging in southern parts of the country. Several southern states have shown interest in embracing clean power, but wind energy, in particular, has had some trouble finding a foothold in this region. This is partly due to the relatively high cost of wind farms and the fact that turbine technology has only recently begun growing more efficient and appealing to the energy needs of a state.
New project highlights the benefits of wind power for landowners
A new wind energy system is being built in North Carolina, which highlights the growing momentum that the wind space is beginning to attract. The project, called the Amazon Wind Farm U.S. East, will generate enough electricity to power approximately 61,000 average homes every year. Much of this electricity will be purchased by Amazon, which is also investing in the development of the wind farm itself. The project is to be built upon privately owned farmland. This particular aspect of the new project could help wind energy become more appealing to developers and consumers in the south.
Wind farms could become very valuable revenue streams for landowners
Wind energy projects represent many opportunities for landowners. Such projects could become a very valuable source of revenue for landowners, especially as the demand for wind energy begins to increase. Currently, there are 60 landowners that are leasing property for the development of the Amazon Wind Farm U.S. East. As the revenue potential of wind farms becomes more apparent, more landowners in the south are likely to begin offering property to promising wind energy projects. As more landowners show interest in these projects, the strength of the wind energy market in the south is expected to improve.
Advances in technology could help make wind energy more attractive
One of the reasons that wind energy has been slow to grow in the south is due to relatively weak wind currents. In the southeast, in particular, wind currents tend to be very modest for the majority of the year. For some developers, this has made southern states less attractive than those further north. With wind turbines becoming more efficient, however, this could begin to change, which may help bring new wind energy projects to the south.