Wind power gathers pace, says report

13 March 2002 - A report by Houston-based Industrial Information Resources, Inc. says that wind energy experienced record growth in 2001 and power is attracting new investors who are looking to cash in on the success.

Last year, a record 1700 MW of US wind energy projects were brought into operation, representing an investment of $1.7bn, according to the American Wind Energy Association. Texas alone had 900 MW come online in 2001.

Federal and State support of wind energy has greatly aided in the feasibility and financing of many projects. Congress recently extended the wind energy Production Tax Credit (PTC), which provides a 1.5 cent-per-kilowatt-hour tax credit (adjusted annually for inflation) for electricity generated with wind turbines. The PTC coupled with strong consumer and industrial support for new green energy sources will create the needed impetus to create another banner year for new wind energy projects.

A newcomer to wind energy production, Shell International Renewables Limited (London, England), a division of Royal Dutch/Shell Group, recently announced its intentions to spend up to $1bn in new green energy projects globally. The company wants to produce 1000 MW of green energy by 2005. The majority of this growth will come in form of wind energy project acquisitions, but will also include ventures in solar, hydrogen, and geothermal energy. The company's strategy is to acquire wind farm projects in the advanced stages of development or near completion.

At the beginning of the year, Shell WindEnergy, Incorporated, (Houston, Tx.) acquired the Llano Estacado wind ranch, an 80 MW advanced development project located in White Deer, Texas. The project included the construction of (80) wind towers each 227 feet tall and powering 1 MW Mitsubishi wind turbine/generators. The wind ranch was built and developed by Cielo Wind Power LLC (Austin, Tx).

Shell WindEnergy also operates the Rock Creek 1 wind power project in Wyoming, along with wind power plants in Harburg, Germany and the Blyth offshore wind farm off the coast of the United Kingdom. Shell WindEnergy will continue to look for wind energy projects in the late stages of development to acquire and expects to acquire at least two wind farms per year over the next few years. Eventually the company wants to get into the early project development and construction of wind energy projects.

Follow Power Engineering International on Twitter




Editor's Picks

Johan Sandberg

Securing the future of offshore wind: steps to reducing the cost of energy

Offshore wind as a source of energy is still unknown in many parts of the world. In other parts it is still a distant drea...

IEA says energy system stresses cannot be ignored

The world’s policymakers must not lose sight of the long-term signs of stress that are emerging in the global energy syste...
Georg Oppermann of EON

E.ON points to 'relative' health despite disappointing results

Germany’s biggest utility has recorded a 25 per cent drop in its profit for the first nine months of 2014. However a spoke...
Sigmar Gabriel

German government to step in on Vattenfall sale

A document has emerged, indicating Germany’s intention to persuade Swedish utility Vattenfall not to sell its lignite powe...
Prime Minister Viktor Orbán

Hungarian government says nuclear plant should be above politics

An official from the Hungarian government says that the development of a significant power plant for the country should be...

PEI Magazine Issues



>> Current Issue           >> Past Issues

Latest Wire News

Landmark Settlement Protects Colorado Roan Plateau

Landmark Settlement Protects Colorado Roan Plateau

BeneVir Biopharm, Inc. Announces Investment From HC2's Subsidiary Pansend, LLC

BeneVir Biopharm, Inc. Announces Investment From HC2's Subsidiary Pansend, LLC

Eos Petro Announces Extension of Tender Offer for Any and All Outstanding Shares of Dune Energy

Eos Petro Announces Extension of Tender Offer for Any and All Outstanding Shares of Dune Ene...

Eureka Hunter Pipeline Announces Expansion of Its Senior Secured Revolving Credit Facility

Eureka Hunter Pipeline Announces Expansion of Its Senior Secured Revolving Credit Facility

Cardinal Resources Moving Forward in West Africa

Cardinal Resources Moving Forward in West Africa


Editorial Guides

How to cut your OPEX

How to cut your OPEX In a constantly evolving electricity market, factors such as over capacity and low coal costs can pu...

Alstom Editorial Guide: Thailand to showcase latest upgrade of Alstom's GT26 in combined-cycle

Read all about Alstom's new advanced GT26 gas turbine in the North Bangkok CCPP expansion project online with the Power En...

PLEXOS® Integrated Energy Model – Leading the Field in Energy Market Modelling

PLEXOS® Integrated Energy Modelling is an advanced software tool that employs the latest mathematical programming methods ...

Buyers Guide Companies

Huggenberger AG

AVC Specialists Inc

POWERCON 900 electrostatic precipitator voltage controllers, RAPPERCON 9...

Standardkessel-Baumgarte Group

Founded more than 80 years ago, Standardkessel and Baumgarte are today a...

URS

URS plans, designs, engineers, constructs, retrofits, and maintains powe...

Mid America Engine Inc

Mid-America Engine is a distributor and reseller of new and used, diesel...

Moisttech

Dynamic Systems Inc

Barcode Tracking Includes: > Equipment & Tool > Inventory > ID Badge Sys...

EPG Enginuity Portable Grid

Enginuity Portable Grid (EPG) designs and manufactures unique rental gra...

M+M Turbinen-Technik GmbH

M+M Turbinen-Technik designs and manufactures steam turbines and package...

Paharpur USA

Manufactures water cooling towers, air cooled heat exchangers (fin fan c...

Buyers Guide Products

Spare parts manufacturing / Re-engineering / CNC / CMM / Machining / workshop service

CMM/laser scanning technology (workshop, r...

Steam turbine maintenance / overhaul / (blade) repair / outage management

Outage delivery/managementOn-site inspecti...

Gas turbine maintenance / overhaul / (blade) repair / outage management

Outage delivery/managementProject manageme...

Hydro turbine maintenance / repair / overhaul / rebuild service

Outage support in workshop/on-site Site i...

Inspection service (Nondestructive testing and evaluation)

Life time evaluationPhased array /Ultrason...

Transformer Oil Moisture Measurement Instruments

Vaisala offers a wide variety of online tr...

DPT145 Multiparameter Transmitter for SF6 Gas

DPT145 is a unique innovation that enables...

SNCR - NOxOUT and HERT

25-50% NOx reduction - Urea-based Customiz...

TIFI Targeted In-Furnace Injection

Improve Fuel Flexibility - Reduce Slagging...

ASCR Advanced SCR

80% + NOx Reduction - Lower Capital and Op...

Power Engineering International

Whitepapers

Understanding Moisture Dynamics in Power Transformers

In this webinar recording "Moisture Dynamics in Power Transformers" (held originally in September 23, 2014) you will have a chance to learn about the phenomena and its importance to your ...

How to lower your total cost of ownership on DC Control Power

In this whitepaper, we look at implementing battery management solutions and how smart battery management effectively lowers the total cost of DC Control power systems and the risk of their failure...

Portfolio Optimization by PLEXOS

To achieve Portfolio Optimization, PLEXOS performs the Security Constrained Unit Commitment and Economic Dispatch using Mixed Integer Programming (MIP) to minimize a cost function subject to all op...

Evaluating cogeneration for your facility: A look at the potential energy-efficiency, economic and environmental benefits

The energy-efficiency, economic and environmental benefits of cogeneration are the subject of this in-depth white paper. The paper argues that producing electricity and heat/cooling from the same f...

The Effect of Moisture on the Breakdown Voltage of Transformer Oil

Power transformers utilize oil as a heat transfer medium and a dielectric material, together with cellulose. Breakdown voltage (dielectric strength) is one of the most important parameters of trans...

Improving Mission Critical Cooling Systems With More Reliable Level Sensing

The choice of coolant level sensor may seem like an insignificant detail when designing complex machinery such as emergency generators and cranes, but if this sensor fails, the operator has no warn...

Steps Towards a Low Carbon Future: Solutions and Technologies That Will Support the Global Revolution Required

A smart grid is becoming more and more essential as clean energy becomes more dominant. In addition, the demand for electricity is expected to treble the ability to supply it over the next decade. ...

Latest Digital Edition

  Power
  Engineering
  International
Look Inside >
Cover
Current Issue

Article Archives for Power Engineering International Magazine

Latest Energy Jobs

View more Job Listings >>