Wind Growth Consistent
Driven by Clean Profile, Falling Prices and Public Policy
Over the past decade, global wind power capacity has grown nearly 30 percent a year, an increase driven by wind’s attractiveness as a clean energy source, by supportive public policies and by falling costs.
Total wind power capacity in the United States has grown to nearly 100 gigawatts (GW), according to the American Wind Energy Association. The U.S. wind industry has invested over $142 billion in new wind projects during the last 10 years.
Americans Favor Wind Energy
Slightly more than 27 percent, or some 27,036 megawatts (MW), of that capacity is located in Texas, which continues to lead the nation both in the production of wind energy and the pace of new capacity construction. The reasons for wind’s growth and popularity (76 percent of Americans are in favor of wind energy) are simple.
- It is plentiful, particularly in wind-rich states, which are predominantly located in the Great Plains region. But even at speeds as low as seven to 10 miles an hour (more common in the Northeast), wind can be harnessed effectively.
- It does not pollute. Wind is clean energy, so being carbon-free means that the air stays clean.
- It will not run out. As long as the sun shines, there will be wind somewhere.
- Unlike water-intensive energy sources like nuclear and coal, wind does not require any water.
- The turbines do not need much room. They occupy only about one percent of a wind project’s land area, which allows ranchers and farmers to continue to graze sheep and cattle or grow their cash crops.
- Most costs are all upfront. Since wind does not need an external fuel source, ongoing operating expenses are minimized, enabling wind farms to sign long-term supply agreements with utilities and private businesses at low fixed rates.
Combining these factors with Tri Global Energy's ability to innovate and provide leadership in the development of our wind farms has craven our growth and success. Our proprietary "Wind Force Plan" development model aligns the interests and provides an opportunity for shared rewards between all parties – landowners, communities, partners and Tri Global Energy.