Wind outpaces gas-fired power in 2012

Wind Turbines_SXC_370.jpg

More wind energy capacity was added to the grid than that from new natural gas-fueled power plants in the United States this year. Bloomberg reported 6,519 megawatts of new wind capacity came online by November 30. About 6,335 MW of gas additions were seen this year.

Developers were quick to install wind turbines this year because the renewable energy tax credit in the United States is set to expire come 2013, the article stated. Amy Grace of the North American wind industry analysis for Bloomberg New Energy Finance in New York, told the source wind will "very likely" beat natural gas.

The amount of wind turbine installations in November and December could end up doubling the amount of wind capacity added in 2012, the article stated. As much as 12 gigawatts of wind energy could be reached by December 31, beating the amount of energy produced by new gas turbines. Wind energy also beat out coal-fired power by a wide margin.

The wind energy tax credit will expire on December 31, and Congress has yet to renew it. Joseph Dominguez, senior vice president of Exelon Corp., the largest owner of U.S. nuclear power plants told Bloomberg the wind energy industry can thrive without the incentives of the energy tax credit.

PennEnergy's research area offers details on the U.S. wind industry.

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