New DOE Report Analyzes a Path to Reaching 20% Wind Power by 2030
5-1-2008
According to the report, reaching the 20% goal will require boosting wind power from its current production capacity of 16.8 gigawatts (GW) to 304 GW in 2030, an 18-fold increase. Despite the magnitude of that challenge, most of the report's key findings are encouraging. Notably, the report concludes that 20% wind power can be reliably integrated into the grid at a cost of less than 0.5 cents per kilowatt-hour, which compares favorably to today's average retail price of electricity in the United States, at 8.9 cents per kilowatt-hour. In addition, the demand for copper, fiberglass, and other raw materials needed to build the wind power facilities will not be prohibitive to reaching the 20% goal.
However, the report also identifies several challenges that need to be overcome. Achieving 20% wind power by 2030 will require that the annual installations of wind power increase threefold, from today's 2,000 annual turbine installations to almost 7,000 per year by 2017. Also, new transmission lines will need to be installed reach the most productive wind resource sites. But between now and the time the goal is reached, wind power will have avoided the emission of 7.6 gigatons of carbon dioxide, helping to forestall the growth in greenhouse gas emissions from U.S. power plants. The 304 GW of wind power will also continue avoiding 825 million metric tons of carbon dioxide emissions each year thereafter. For comparison, the United States currently emits about 6 billion metric tons of carbon dioxide per year.
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024