27 Jul '18, 12pm

Record wind farm construction now underway in the US

Strong demand for low-cost wind power from US utilities and other buyers, including major corporations like AT&T and Walmart this quarter, continues to drive the industry’s growth across America. Wind power’s low cost makes it one of the most competitive energy sources in many parts of the country and the low cost of wind continues to fall due to technological innovation and increased manufacturing. The five-year extension and phase out of the wind energy Production Tax Credit – which ends in 2019 – is another factor in driving growth forward. “Wind power’s job creating engine just kicked into a higher gear” said Tom Kiernan, CEO of AWEA. “And all Americans will benefit as the record number of wind farms under construction begin delivering new revenue to rural communities and affordable homegrown energy to consumers.” AWEA’s US Wind Industry Second Quarter 2018 Market Repo...

Full article: https://www.renewableenergymagazine.com/wind/record-wind-...

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