Industry News




 

08/14/2013

Wind Energy Costs Near All-Time Low

 
Annual wind power additions boomed to a record level last year.

Annual wind power additions boomed to a record level last year while prices plummeted close to an all-time low, according to a new DOE report by Lawrence Berkeley National Laboratory.

About 13.1 gW of new wind power capacity were added to the grid in 2012, due in large part to federal tax incentives scheduled to expire at the end of that year. At the same time, projects negotiating contracts with utilities averaged a price of $40 per mWh, which spurred demand. In fact, the cost of wind energy now rivals the lows set in 2003, especially in the central U.S.

However, low gas prices and continued policy uncertainty are creating headwinds for the industry, though a short-term extension of the tax incentives has delayed their expiration.

Other revelations in the study include:

  • Wind power comprised 43% of all new electric capacity additions in the U.S. in 2012.
  • Since 1998-99, the average capacity of wind turbines installed in the US has increased by 170%, reaching 1.94 mW in 2012. Additionally, the average turbine hub height has increased to 94 meters (a 96% jump). This means it has become more economical to build projects in areas with lower wind speeds.
  • Turbine prices have fallen 20-35% from their 2008 highs, pushing project costs down almost $200 per kW from the reported average cost in 2011.
 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
01/28/2015

Building expenditures shown to benefit workers, businesses.

01/27/2015

Scent “temperatures” shown to have measurable effect on consumer behavior.

01/26/2015

Photovoltaic devices could cut costs, improve system versatility.

01/23/2015

Data shows earth's surface temperature increase to a new high

01/22/2015

New reports show ownership could have fast benefits.

01/21/2015

New formula kills germs, prevents them from reappearing.

01/20/2015

 Study shows properly maintained roofing can last as long as buildings.

01/19/2015

Increases projected at nearly 10% per year.

01/16/2015

Pollution, health improvements more powerful motivators than cost savings.

01/15/2015

Administration looks to cut GHGs from oil, natural gas production.

01/14/2015

Vegetation effective at dampening noise.

01/13/2015

Database will aid in making green purchasing decisions. 

01/12/2015

Includes best practices for energy monitoring and reduction.

01/09/2015

Study shows majority of reserves must be left alone to mitigate climate change.

01/08/2015

Energy department looks to standardize definition.

01/07/2015

Plus 12 best practices to reduce operating costs. 

01/06/2015

Improvements extend beyond energy efficiency to carbon emissions.

01/05/2015

Rule expected to cut carbon emissions, electricity use in lighting.

01/02/2015

Data storage pattern for media improves light absorption. 

12/31/2014

Partnerships will help communities prepare for electrical disruptions.

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