In 2014, the average levelized price of signed wind power purchase agreements was about 2.35 cents per kilowatt-hour. This price is cost competitive with.

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Presentation transcript:

In 2014, the average levelized price of signed wind power purchase agreements was about 2.35 cents per kilowatt-hour. This price is cost competitive with new gas-fired power plants and projects compare favorably through 2040.* 1. Wind energy is cost competitive. Photo from DOE Flickr *Wiser, R.; Bolinger, M. (2015) Wind Technologies Market Report. U.S. Department of Energy.2014 Wind Technologies Market Report

In 2014, the wind sector invested more than $8 billion of private capital in the U.S. economy to build projects and employed more than 73,000 workers.* 2. Wind energy creates jobs. Photo from Duke Energy.Duke Energy *American Wind Energy Association. (2015). U.S. Wind Energy Annual Market Report, Year Ending 2014.U.S. Wind Energy Annual Market Report, Year Ending 2014

3. Wind energy helps to diversify the national energy portfolio. It’s also an indigenous, homegrown energy source that helps stabilize the cost of electricity and reduces vulnerability to price spikes and supply disruptions. Photo from DOE Flickr

4. Wind energy provides income for farmers and ranchers, as well as economic benefits to communities. Revenue varies by region, but wind projects provide the communities in which they are located lease payments to landowners (~$3,000/megawatt), state and local tax revenues (~$7,000/megawatt), and employment.* Photo from Ruth Baranowski, NREL NREL *U.S. Department of Energy. (2015). Wind Vision: A New Era for Wind Power in the United States.Wind Vision: A New Era for Wind Power in the United States

5. Wind energy is an inexhaustible renewable energy source. Wind energy is plentiful and readily available, and capturing its power does not deplete our natural resources. At the end of 2015, more than 74 gigawatts of wind energy were installed across the United States.* Analysis indicates that by 2020, the installed capacity of wind energy in the United States could reach 113 gigawatts, or 10% of annual end-use electricity demand.** Photo by Nebraska Public Power District, NREL NREL *American Wind Energy Association. (2016). U.S. Wind Industry Fourth Quarter 2015U.S. Wind Industry Fourth Quarter 2015 Market ReportMarket Report. **U.S. Department of Energy. (2015). Wind Vision: A New Era for Wind Power in the United States.Wind Vision: A New Era for Wind Power in the United States

6. Wind turbines don’t consume water. Researchers estimate that wind power generation in 2014 reduced power-sector water consumption by 68 billion gallons, an amount equal to approximately 517 billion bottles of water.* Photo from DOE Flickr *American Wind Energy Association. (2015). U.S. Wind Energy Annual Market Report, Year Ending 2014.U.S. Wind Energy Annual Market Report, Year Ending 2014

7. Wind energy is clean. Electricity generated by wind turbines does not pollute the water we drink or the air we breathe, so wind energy means less smog, less acid rain, and fewer greenhouse gas emissions. If we increase wind power’s contribution to the eastern grid by 30%, we could reduce carbon production by almost 19%.* ** *Study based on Eastern interconnection wind penetration increase in 2024, compared to 2008 levels. Photo by Iberdrola Renewables, NREL NREL **EnerNex Corporation. (Revised February 2011). Eastern Wind Integration and Transmission Study. Prepared for the National Renewable Energy Laboratory.Eastern Wind Integration and Transmission Study

8. Wind energy systems have low operating costs. This is because unlike other resources, there are no associated fuel costs with this form of generation. Photo from DOE Flickr.DOE Flickr

9. Wind energy can be used in a variety of applications. Utility-scale, distributed, community, small wind and remote applications can be used for schools, tribes, municipal utilities, rural electric cooperatives, homes, businesses, farms, ranches, water pumping, ice making, and telecommunications sites. Photo by Northern Power Systems, NREL 16728NREL

10. Wind energy is deployed in all U.S. regions and is widely supported. Growth in wind power capacity over the 2007–2014 period averaged 6.8 gigawatts per year.* A 2013 Gallup poll showed that more than 70% of Americans believed the United States should place more emphasis on wind energy development.** *American Wind Energy Association. (2015). U.S. Wind Industry Annual Market Report, Year Ending 2014.U.S. Wind Industry Annual Market Report, Year Ending 2014 **Gallup. (2013). Americans Want More Emphasis on Solar, Wind, Natural Gas.Americans Want More Emphasis on Solar, Wind, Natural Gas.

11. High levels of wind energy can be integrated with minimal cost increases while providing environmental benefits. Research has shown that high levels of wind and solar can reduce net carbon emissions by one-third with only a 2% to 5% cost increase.* *National Renewable Energy Laboratory. (2013). The Western Wind and Solar Integration Study Phase 2.The Western Wind and Solar Integration Study Phase 2.

For more details about the benefits of wind energy, visit the WINDExchange website. WINDExchange website Photo by First Wind, NREL NREL 16737