More than $3 billion to be invested in Wyoming’s wind energy spaceApril 26, 2017
Companies plan to show strong financial support for wind energy
Two companies have announced major investments in Wyoming’s wind energy sector. Rocky Mountain Power and Alchemy Sciences will both commit large sums of financial support to the wind industry, which could help it grow for years to come. The investments could help diversify Wyoming’s economy, placing more focus on clean power, which could help create thousands of new jobs that will help further invigorate the state’s economy.
$3.5 billion investment will help wind energy thrive in Wyoming
Rocky Mountain Power will be investing $3.5 billion over the next 20 years in order to support wind energy. This investment plan will also support the expansion of solar power and help modernize the state’s transmission lines in order to make them more accommodating of renewable power. The company has outlined a plan for its wind energy initiative, showing significant focus on the growth of wind capacity in Wyoming and the use of new, more efficient technology.
Investment plan aims to improve wind turbines and transmission lines
According to the plan, Rocky Mountain Power hopes to upgrade approximately 900 megawatts of existing wind turbines with new blades and technology. Doing so is expected to increase the generation capabilities of these turbines by approximately 20%. The company also hopes to begin construction on new transmission lines that will feed clean electricity into the state’s energy grid. Moreover, the investment will also secure the development of as much as 1,100 megawatts of new wind energy capacity throughout the state. Some of these projects are expected to begin producing electricity at some point in 2020.
Wind energy continues to attract strong support in the United States
Wind energy has become a very prominent form of renewable power in the United States. Wind has established itself as a powerful economic force throughout the country, with the industry employing more than 100,000 people. Wyoming is one of the states where wind energy is thriving, and investments in the sector will likely ensure that this form of clean power will continue to grow despite any changes made to federal energy policy.