Michigan boasts impressive wind power market

Michigan will soon be generating more than a billion watts of electricity from wind power farms, making it one of just a handful of states to reach the milestone, Detroit's CBS affiliate WWJ reported.

The first commercial-scale wind generator in Michigan was installed by Traverse City Light & Power in 1995, the source said. However, wind has helped boost renewable energy output in the state to 10 percent, and Jean Redfield, president and CEO of NextEnergy, told the source it is now feasible for Michigan to generate 20 percent of its power from wind energy and other renewable sources by the end of the decade.

The state's renewable power standard seeks to generate 30 percent of the state's power from alternative sources by 2035. As more renewable power projects come online in the state, the cost of the electricity has declined, The Associated Press reported.

"It is ... clear that since the Michigan RPS was enacted, the costs of renewable energy, particularly onshore wind and solar, have dropped noticeably," a study issued by the state said, according to the AP.

The report was created to help Michigan Gov. Rick Snyder and lawmakers update a 2008 law regarding renewable energy and energy efficient mandates, the AP said. More reports on electricity competition and other industry matters are expected later this month.

The wind power market is explored at PennEnergy's research area

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