Write-up by Prasenjit
Although wind energy accounted for about 1-tenth of 1 percent of total U.S. electric power generation capacity in 2002, it had quadrupled in producing capacity among 1990 and 2003, and has been growing at a a lot greater rate than other sources of electric power generation. Nevertheless, wind power’s potential remains largely untapped. A number of factors, including restricted transmission capacity and the greater capital start off-up expenses of wind energy compared with fossil fuels in some markets, hamper wind power’s expansion, even though other factors, such as federal and state monetary incentives, have helped spur expansion.Despite the fact that wind power accounted for about one-tenth of 1 percent of total U.S. electric power generation capacity in 2002, it had quadrupled in generating capacity among 1990 and 2003, and has been growing at a considerably greater rate than other sources of electric energy generation. Nevertheless, wind power’s potential remains largely untapped. A quantity of aspects, which includes restricted transmission capacity and the higher capital start-up costs of wind power compared with fossil fuels in some markets, hamper wind power’s expansion, even though other variables, such as federal and state monetary incentives, have helped spur expansion.EPA promotes the use of wind energy and other renewable sources of electricity-collectively known as green power-by way of its Green Energy Partnership Plan. Specifically, EPA supplies technical help and public recognition to firms and organizations that make a commitment to using green energy for a portion of their electricity wants. A lot more than 200 companies, including a number of major corporations, participate in this program. In addition, the Department of Housing and Urban Development’s community development block grants have been employed to assist municipal-owned utilities to purchase wind turbines. For example, in Iowa, three cities received community development block grant funds in either fiscal year 2002 or fiscal year 2003 to erect wind turbines for power generation these grants totaled about million. Furthermore, as discussed later in this report, USDA has many programs that can be utilized to offer economic help for diy solar power projects on farms or other rural lands. Suppose now that the Home Energy SOLAR WIND OR MAGNETIC laboratory wants to buy green power, but cannot acquire a “delivered” green energy item from its neighborhood electricity supplier. Residence Power SOLAR WIND OR MAGNETIC can nonetheless acquire the environmental positive aspects of green energy by way of the purchase of “Green Tags” from a wind farm owned by another utility and situated in an additional state.That utility is not interconnected with the nearby utility supplying the Property Energy SOLAR WIND OR MAGNETIC laboratory. The Residence Power SOLAR WIND OR MAGNETIC laboratory will continue to purchase electricity generated by conventional sources from its local utility at the market place rate of 7 cents per kWh. Residence Energy SOLAR WIND OR MAGNETIC will also acquire Green Tags from the wind farm in the adjacent state for .five cents per kWh. The wind farm sells its diy solar panels to its local consumers at 7 cents per kWh (the marketplace rate for conventional electricity) and its environmental attributes from the wind farm to Property Power SOLAR WIND OR MAGNETIC for .5 cents per kWh.The wind farm receives the full price of producing wind power (7.five cents per kWh) and displaces the high emissions of a conventional power plant. Residence Energy SOLAR WIND OR MAGNETIC receives conventional power, but it also achieves the emissions reductions related with the wind farm, i.e. the Green Tag, for a total price of 7.5cents per kWh.In every case, generation from a source with higher environmental impacts is replaced by that of a source with fewer environmental impacts.
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