Wednesday, October 04, 2006

Wind Energy in Texas Gets $10 Billion Boost

Dallas, Texas []
Texas Governor Rick Perry announced a major public-private initiative this week that could increase wind-generated energy in the Lone Star State by approximately 7,000 megawatts. Eight companies have committed to invest a combined $10 billion-plus in new wind projects -- as long as the state's Public Utility Commission constructs the necessary transmission lines.

Read the whole story HERE

1 comment:

Tom Gray said...

Great news, thanks for passing it along.

Altogether, U.S. wind resources are enough to provide several times our current electricity use, although other sources (or storage) would still be needed because of the variability of the wind.

The key ingredient for wind's continued expansion? Continuing the federal wind energy production tax credit (PTC), which reduces a wind farm owner's tax payments by 1.9 cents for each kilowatt-hour of electricity the wind farm generates during the first 10 years of its operation. The PTC is currently scheduled to expire at the end of 2007. If the credit is extended for several years, we will see much greater use of this clean energy resource. For smaller turbines, the key incentive is a Small Turbine Investment Credit, something that doesn't yet exist. Readers can help support these and other pro-wind laws here.

Also, plug-in hybrid autos can be manufactured with technology available today. They'll get 80 or so mpg, and they will allow wind energy (for example) to take a bite out of our oil imports. Readers can support this concept through Plug-In Partners.

Thomas O. Gray
American Wind Energy Association