Watch: Wind Power Is Growing As Price Drops

Until now, the U.S. offshore wind industry has been slow to develop, with only one operational project, with a power purchase agreement price of $0.244/kWh. T he newest numbers reported by Lazard (The high end of the levelized cost for energy) for onshore wind, are estimated at $0.06/kWh, or for natural gas, at $0.078/kWh. Wind builders are perfecting methods of identifying where the best winds are. As the U.S. offshore wind sector works to lower prices, it is developing off the coast of several Northeastern states. Vestas just announced it will invest millions of dollars to test its 9.5 MW wind turbines at South Carolina’s Clemson University testing facility, that is what will ultimately bring prices down.

Follow us on social media for the latest updates in B2B!

Latest

How Improving Door Security Can Help Protect Schools
June 30, 2022
With every school shooting that occurs within the United States questions around security arise. How do we, as a society, protect our children when they are at school? How do we ensure that in an Read more
The Petroleum Industry Gets Pumped for API 610’s 12th Edition
June 30, 2022
The pump industry’s popular standard for petroleum, the API 610, recently released its 12th edition. Simon Bradshaw, Global Director of Engineering and Technology for Trillium Flow Technologies, filled host Read more
Building Relationships the Family Way
June 30, 2022
Is it time to reveal some family secrets? Greg Crumpton navigated some familiar waters with his latest guest, his sister, Angela Leissa, or as Crumpton calls her, Dr. Leissa. Leissa, a retired Primary/Secondary Read more