Madison Gas and Electric (MGE) increased its wind power portfolio by nearly four times when it signed an agreement with Midwest Renewable Energy Projects LLC (MRE Projects) to build an 18-turbine, 30 megawatt wind farm near Mason City, Iowa.
A market is opening for alternative energy
You electrical contractors better get with the program, or you are going to lose a huge corner of the market in alternative energy,” said Lori Ryker, describing the marketplace as it relates to electrical contractors and the increasing demand by consumers.
GEORGIA POWER launched its Green Energy program in October. Designed to produce electricity from environmentally friendly sources such as the sun, wind, water and landfill gas, customers can buy green energy in 100 kilowatt-hour (kWh) blocks, which requires a 12-month subscription.
GOVERNOR EDWARD RENDELL announced on October 5 that Pennsylvania is investing $6.4 million in 16 clean energy projects that will create 316 permanent and up to 280 construction jobs in the commonwealth, as well as to leverage more than $38 million in private funds.
“There are millions of dollars at stake for our guys, and the industry could benefit greatly from the work it would give us and the guys off the bench,” said Glenn Kingsbury, Boston Chapter executive of the National Electrical Contractors Association (NECA), about Cape Wind—an off-shore electricity
Up to 2,500 megawatts (mw) of wind energy capacity are scheduled to come online in the United States this year, bringing new power to the equivalent of 700,000 homes and injecting more than $3 billion of investment into the power generation sector. Wind power has truly become a reality.
In 1993, government researchers concluded that a group of 12 states in the midsection of the country have enough wind energy resources to generate nearly four times the amount of electricity consumed nationwide in 1990.
Due in great part to its low cost and high availability, wind energy has emerged as the fastest-growing energy source during the last decade, with global sales of wind turbines expected to reach more than $10 billion by 2008.