The U.S. wind industry broke all previous records by installing 9,922 MW installed last year expand the nation’s wind plant fleet by 39% and bring total wind power generating capacity in the U.S to over 35,000 MW. The five-year average annual growth rate for the industry is now 39%. Wind power and natural gas are the leading sources of new electricity generation for the United States, generating 80% of new capacity, as most utilities avoid the risks of adding coal and nuclear power plants.
The Tennessee Valley Authority is moving closer to its goal of having more than 50 percent of its power generation from renewable energy with 4 new contracts for the purchase of up to 815 megawatts of renewable wind energy. This 300MW power purchase agreement (PPA) is the largest PPA to date for Iberdrola, the world leader in wind farm assets with over 10GW of wind power and 54GW of additional RE power in its pipeline.
President Obama announced this January 8 the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. 183 electric car, smart grid, renewable energy projects in 43 states. “Building a robust clean energy sector is how we will create the jobs of the future,” said President Obama. “The Recovery Act awards I am announcing today will help close the clean energy gap that has grown between America and other nations while creating good jobs, reducing our carbon emissions and increasing our energy security.”
Renewable energy (i.e., biofuels, biomass, geothermal, hydroelectric, solar, wind) provided 10.51% of domestic U.S. energy production during the first nine months of 2009. RE grew by 4.10% during the first nine months of 2009 compared to the first nine months of 2008 – an increase of 0.228 quadrillion Btu’s. Most of that growth came from wind which expanded by 28.46% during the first nine months of 2009 compared to the same period in 2008. Renewable energy’s (RE) contribution to the nation’s domestic energy production is now almost equal to nuclear power.
The electric car will help make the smart grid relevant to consumers. Right now most cars use inefficient engines fueled with gasoline or diesel. In the coming decades, many cars will use electricity. With a smart grid, renewable energy will do much of the charging. New electric cars from Nissan, Toyota, GM, Ford and others will use a charging standard J1772. The new charging units at home and work will include a smart meter chip. When a driver plugs-in, charging will follow preferences pre-established by the car owner. Many will prefer to save money and charge at night when rates are cheaper.
President Barack Obama called for a clean energy future in his speech today at MIT. America has long been the innovation global leader thanks to great universities and research institutions. He called on the students and researchers to help harness more energy from “the wind, the waves, and the sun.” Obama called for the passage of the Senate Climate Bill (Boxer-Kerry) which would accelerate clean transportation, renewable energy, energy efficiency, and start grid innovation and jobs.
At the Society of Environmental Journalists Conference I asked Vice President Al Gore about energy innovation. He answered with a surprisingly optimistic discussion of energy efficiency; renewable energy innovation in wind, solar, enhanced geothermal, and use of waste heat; and a transformative super grid. He also had some predictions for the Copenhagen Climate Summit.
This month, the federal administration announced $100 million in Economic Recovery Act funding for 43 transit agencies that are pursuing cutting-edge renewable energy and efficiency technologies to help reduce global warming, lessen America’s dependence on oil, and create green jobs. The 43 winning proposals were submitted by transit agencies from across the country as part of a nationwide competition for $100 million in American Recovery and Reinvestment Act of 2009 (ARRA) funds.
It is a buyer’s market for those developing large wind, solar, bioenergy, biofuel, and other renewable energy projects. In 2009, land is less expensive, equipment cost less, deliveries are faster, and warranties longer. It is a buyer’s market if you have cash, yet it continues to be a difficult time to secure debt financing. Demand for renewable energy is at a record high as U.S. utilities in about 30 states struggle to meet RPS (renewable Portfolio Standards). These utilities want to sign PPA (Power Purchase Agreements) for 5 to 20 years of wind power, solar, and bioenerg.
Renewable energy for the first third of 2009 (i.e., January 1 – April 30) was six percent higher compared to the same time period in 2008. Moreover, in April 2009 alone, renewable energy sources accounted for 11.1 percent of domestic energy production and exceeded the amount contributed by nuclear power.