Another form of energy is making headlines. This time wind energy is taking the spotlight. Reports released this week show wind energy became the top source of new electricity generation capacity in 2012. With about US $25 billion in investments, wind made up 43% of the new electric additions last year, the US Department of Energy (DOE) said in a news release. The Wind Technologies Market Report, released by the DOE and the Lawrence Berkeley National Laboratory, revealed that total wind power capacity surpassed 60 gigawatts (gW) by year-end 2012 after more than 13 gW of new capacity was added to the grid. The total is enough to power more than 15 million homes annually, said the DOE, adding, the “country’s cumulative installed wind energy capacity has increased more than 22-fold since 2000.” That is good news for places where wind has a share of the energy market. These include South Dakota and Kansas, where wind energy accounted for more than 20% of the total annual electricity consumption, the DOE said in the release. In terms of gW installed, Texas led the rest with more than 12 gW. Findings of another report, the 2012 Market Report on Wind Technologies in Distributed Applications, showed “distributed wind in the US reached a 10-year cumulative installed capacity of more than 812 megawatts [MW] at the end of 2012 – representing more than 69,000 units across all 50 states. Between 2011 and 2012, US distributed wind capacity grew by 175 MW, with about 80% of this growth coming from utility-scale installations.” These reports came a few days after the US Department of Interior held its first offshore competitive renewable energy lease sale. The two leases, covering 164,750 acres total, were provisionally awarded to Deepwater Wind New England. Although wind is not expected to overtake fossil fuels as the world’s leading energy source, having a diverse energy supply has its benefits. Adding wind to the mix further expands domestic energy production, without increasing CO2 emissions. Growth in the wind industry also is leading to more jobs. The wind technologies market report pointed out that 72% of the wind turbine equipment – blades, gears, towers, etc. – installed in 2012 was made in the US. That figure was nearly three times the 2006 to 2007 percent. Job creation is nothing to balk at. The energy industry, overall, continues to be a main catalyst for robust economic activity – led by development in shale plays. “According to industry estimates, the wind sector employs over 80,000 American workers, including workers at manufacturing facilities up and down the supply chain, as well as engineers and construction workers who build wind installations,” the release said. Contact the author, Velda Addison, at vaddison@hartenergy.com.
Recommended Reading
Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential
2023-09-12 - Woodside Energy is making a massive bet offshore Mexico at the large, high-quality conventional resource Trion development, checking key production, climate and financial boxes for both Mexico and partners Woodside and Petroleos Mexicanos.
Hess’ Bakken Production Nearing Peak of 200,000 boe/d
2023-10-26 - Hess Corp.’s combined oil, gas and NGL production from onshore Bakken in this year’s third quarter is close to reaching its peak of 200,000 boe/d.
$70, $80, $90? No Matter WTI Price, Production to Creep Along
2023-09-25 - As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.
E&P Highlights: Nov. 27, 2023
2023-11-27 - Here’s a roundup of the latest E&P headlines, including contract awards and BSEE’s report on the May 2021 fatality in Eugene Island Block 158 in the Gulf of Mexico.
E&P Highlights: Nov. 7, 2023
2023-11-06 - From another postponement of the Gulf of Mexico’s Lease Sale 261 to new contract awards, below is a compilation of the latest headlines in the E&P space.