Wind Energy Prices Hit Lowest Level In 8 Years As Industry Explodes
Aside from the threat of losing a major federal tax incentive, 2012 was a great year for the U.S. wind industry.Wind energy installations soared to 13.1 gigawatts (a 90 percent increase over 2011) and average long-term wind power prices fell to their lowest point since 2005, according to a new report by the Department of Energy (DOE).
The record amount of installed capacity not only made wind power the leading source of U.S. electric-generating capacity in 2012, it also allowed the U.S. to narrowly overtake China as the global leader in capacity additions for the year (regaining the title it had lost in 2009). Though, as the table below shows, the U.S. still lags behind China in cumulative wind capacity.
Read on: http://thinkprogress.org/climate/2013/08/06/2419991/wind-energy-industry-explodes/