Wind Energy Projects Scored Record Year in 2012

From Denver Business Journal

By John Downey

U.S. companies built record 13.2 gigawatts worth of new wind power capacity in the country in 2012, according to a study released by Bloomberg New Energy Finance.

A large factor in the construction record is that companies rushed to complete projects before production tax credits for wind projects were scheduled to expire at the end of 2012.

But that was not the only factor, Bloomberg says. Falling prices for wind projects helped significantly.

Colorado ranks 12th in the nation in wind energy production, according to the American Wind Energy Association (AWEA).

In an encouraging sign for the industry, Bloomberg notes the vast majority of the construction occurred in states that do not require power companies to use renewable resources.

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