• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 55 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day What China is Learning from Russia's War in Ukraine and its Consequences
  • 9 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 5 hours Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 3 days Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
  • 5 days Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 37 mins "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
Haley Zaremba

Haley Zaremba

Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the…

More Info

Premium Content

Can The U.S. Keep Its Wind Energy Boom Alive?

Wind energy holds enormous potential to generate carbon-free electricity around the world, and the energy industry finally seems to be catching on. Last year the United States broke records for wind energy installation, and it looks like the wind revolution is just getting started.

While current global wind power capacity is capable of generating just a fraction of the world's energy demand, wind power’s technical potential actually exceeds worldwide energy production. The technical potential of a renewable energy technology is the amount of energy generation that is theoretically achievable once system performance, topographic, environmental, and land-use constraints are accounted for. And even when taking all of these constraints into consideration, wind energy alone would be capable of filling the entire world’s energy needs. In order to actually make that happen, though, massive scaling of both on- and offshore wind farms would be necessary -- and that kind of scaling is not without its drawbacks.

Other than initial cost, which could be a barrier to entry but which is decreasing all the time thanks to technological improvements and economies of scale, large-scale wind projects pose potential negative environmental and social externalities. Wildlife, such as bird and bat collisions on-shore and marine life offshore, must be considered. In terms of social impact, wind farms alter landscapes, block views, and can cause potential radar interference. These negative impacts, however, pale in comparison to the benefits of wind power, not to mention the negative externalities of global warming.

According to the Intergovernmental Panel on Climate Change (IPCC), the energy used and greenhouse gases emitted in the life cycle of a wind turbine, from manufacturing to decommissioning, are puny in comparison to the energy generated and emissions mitigated over the apparatus’ lifetime. “the GHG emissions intensity of wind energy is estimated to range from 8 to 20 g CO2 /kWh in most instances, whereas energy payback times are between 3.4 to 8.5 months,” a 2018 report stated. 

Related: Oil Could Be Primed For Up To 50% Rally, Strategist Says

In this light, the wind power revolution can’t come fast enough. Just this month, the United Nations and the IPCC sounded a “code red for humanity” which stated in no uncertain terms that we have reached the point of no return for climate change, and the global clean energy transition must be swift and absolute in order to avoid the worst impacts of global warming. Wind energy will have to be a considerable part of that front.

The technology is already being scaled at unprecedented rates. 2020 saw more wind energy capacity installed in the United States than any other year before, and in 2019 wind power surpassed hydropower to be the country’s top source of renewable energy in the same year that renewable energies overtook coal in the U.S. energy mix. This success story owes a lot to wind-friendly policy in the United States, where the federal government has been offering a tax credit to wind producers. That policy, however -- and subsidies in general -- has been controversial and the federal incentive was slated to end last year, resulting in a rush to expand production while the tax credit was still in place. 

“On the one hand, these government motivators have been good enough that the U.S. now has the third-highest per capita wind power generation in the world,” according to Marketplace. That’s a distant third, however, lagging far behind the global leaders, Denmark and Germany. Even after the massive expansion in 2020, the United States’ total wind energy capacity is just half that of China’s.  “On the other hand, we are a distant third — behind Denmark and Germany. The U.S. total capacity is half of China’s, and our volatile and cyclical policy of subsidies followed by subsidy cancellations is part of the reason why. While wind power is unequivocally a reliable, cost-effective, and efficient means of carbon-free energy production, its continued expansion is no guarantee without broad support. 

By Haley Zaremba for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • George Doolittle on August 30 2021 said:
    "the USA has a massive glut in renewable energy" goes without saying, only getting even moar massive and goes without saying seemingly forever now.

    Plus storage through Tesla and $AES is making the possibility of a literal "wholesale price collapse in electricity futures contracts" very much a probability and indeed measurable.

    It is not news that nuclear power sells at negative pricing.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News