Profile image
By Investment U (Reporter)
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

Why Is Wind Power Good?

% of readers think this story is Fact. Add your two cents.

Utilities across the country are increasingly turning to wind when installing new power sources. It’s not only cheap, it’s green too.

In 2018, utilities chose wind for new generating capacity 21% of the time. And over the last 10 years, wind power made up 28% of all new U.S. generating capacity.

With 96,433 megawatts (MW) installed, the U.S. is now the second-largest market for wind power. Why is wind becoming so popular here?

With utilities, it’s all about the cost of power. And the price for wind power has been dropping like a stone in a vacuum.

In fact, wind power is now cheaper than natural gas!

Blown Away

Wind detractors like to point out that the only reason wind is cheaper is because of the federal renewable electricity production tax credit. But that’s simply not the case.

Wind farm operators do get a tax credit of $0.023 per kilowatt-hour of generation for the first 10 years of operation. And it’s true that it reduces generation costs.

But the credit is set to expire at the end of this year. Even without it, wind will still be cheaper than natural gas.

Technology, as it always does, has played an integral role. New turbine designs are constantly raising the amount of power generated.

Employing bigger, more efficient turbines means we need fewer of them. It also means we get a lower generated cost per MW.

Using fewer turbines also means smaller sites and reduced site work. That decreases construction costs and so on.

In the U.S., Texas is the state with the most installed wind capacity. At the end of last year, it had the capacity to generate 24,895 MW of wind power, handling 18.6% of the in-state electric load.

But Texas isn’t the only state loading up on wind. There are now 14 states where wind provides more than 10% of in-state power generation.

Today, wind provides about 6.5% of all electricity in the U.S. But we are well behind more than a dozen other countries, as you can see below…

U.S. Lags Wind Power Production

The U.S. Energy Information Administration predicts an additional 11 gigawatts (GW) of wind power will be added to the U.S. capacity this year. 2020 should see another 8 GW added.

All of this new wind power has been a big shot in the arm for the American economy. Today, more than 500 factories in 43 states are making wind-related materials and parts. And more than 100,000 Americans are employed by the wind industry.

Investing in the wind sector is one of my top trends to watch. So you can bet you’ll hear more from me on the matter as the U.S. fights its way up that list.

Good investing,


The post Why Is Wind Power Good? appeared first on Investment U.

Founded in 1999, the goal of Investment U is to give you impartial, no-nonsense investment advice and investment research on how to build long-lasting wealth.


Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at

Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver!  Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!  
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

FINAL WARNING!   Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!   APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  

APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.

Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.