US Wind Energy Surging

On June 30, 2018, wind farms in the United States reached a record 90,000 MW capacity. The demand for wind energy is coming from major utilites and major corporations such as Apple, AT&T, Microsoft, Merck, Molson Coors, Nestle and Walmart.
Major corporation account for 56% of the wind energy capacity in the United States. The major corporations are signing power purchase agreements with wind farms to guarantee low, stable electricity prices. In the Great Plains states, companies are signing power purchase agreements for electricity from wind plus battery storage at rates ranging from 3.5 cents to 5.0 cents per kWh.

Wind and solar energy are not susceptible to global commodity prices like fossil fuels (coal, oil and natural gas). The price of fossil fuels is driven by supply and demand. Fossil fuel price increases can be swift and dramatic, which will directly impact electricity prices. The cost to transport coal by railroad to power plants in the United States has made coal more expensive than wind and solar energy.

The demand for wind energy is continuing to grow. The American Wind Energy Association estates that an additional 19,000 MW capacity is currently being constructed in the United States. Offshore wind projects along the eastern seaboard of the United States will result in another major jump in power capacity by 2025.

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