Western Wind Powers California
Wind is not only the cleanest source of energy available to mankind, it is also the world's fastest-growing source of electrical energy. But the United States has been slow to adopt. A Canadian company is changing that though – a wind farm at a time.
Western Wind Energy Corp. (TSX.V: WND) is North – of America's largest publicly traded pure wind energy producer, and currently 34 megawatts of wind turbine generated electricity into the power grid California. Right now it is created, the only publicly traded company in North America as part of their income solely from the sale of electricity from wind power.
With the announcement on 14 February, the successful acquisition of a 100 MW wind and solar site near Barstow, California, has an additional 1300 Western Wind MW in the pipeline of expansion sites throughout the country.
The company now has over 1 billion U.S. dollars sales of power amounting to a total of 155 agreements Megawatts from the sale of wind energy electrical generation to two different programs.
In the United States in 2007, 5244 megawatts of electricity generation was from Wind energy industry installed to break all previous records and growing the U.S. National Wind generation capacity of 45%.
The new wind projects account for about 30 Included percent of total new power-producing capacity at the national level in 2007 and is the equivalent of 1.5 million American households have electricity annually.
American wind farms are an estimated 48 billion kilowatt-hours of wind energy in 2008, generating just over one percent of U.S. electricity supply, electricity supply the equivalent of about 4.5 million households.
California is, as expected, is a leader among states for installed megawatts of wind generated electricity with 2439 MW of installed capacity second only to Texas.
Nancy Rader, executive director of the California Wind Energy Association said: "I believe that wind energy offer a realistic 20% of the electricity demand of the state might need 13 years from now – compared to less than 2% today, which would be about 20,000 megawatts of capacity. "
Western Wind Energy is perfectly positioned to take a big piece that capture evolving from a simple reason: the management team has 24 years continuous wind installation operating experience – more than any other company in the industry.
The secret of creating profitable wind turbines is in the Location of the plant. Meteorologist Rich Simon, a consultant for Western Wind has the locations of more than 40,000 turbines, or 10,000 MW of generation capacity selected in the whole World. He is one of the few in the industry "go-to" guys, responsible for the siting of the turbine 10% of the capacity of the world since 1977.
When wind resources Areas vary, so does the cost of generation. A wind farm, which have an average annual wind speed 15 mph total cost of 6.8 cents per kilowatt hour. That same wind farm, the operation must be in a 20 mph annual average wind speed, the total cost of only 4.9 cents per kilowatt hour.
As most of the major forms of power generation, wind power is capital intensive. In economic terms, wind power has an extremely low marginal cost and a high proportion of up-front costs. The energy consumption for producing, installing, operating and eventually decommissioning a wind turbine is normally obtained within three months of operation.
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Installed in a robust wind conditions in the U.S. state of California, for every one megawatt is, or
U.S. $ 2 million capital investment, U.S. $ 400,000 annually in the Energy revenues generated an additional $ 80,000 in annual federal tax credits (Production Tax Credit or PTC).
The Senate Finance Committee last Months was an extension of expiring tax breaks for wind, solar and other renewable energy technologies in the context of its economic stimulus package is working Now its way through Congress.
Western Wind is not content to remain "wind-only" companies, and recently signed a cooperation agreement with Solon America Corporation developed at 5 to 40 megawatts of photovoltaic – solar energy projects in California and an additional 5 to 40 megawatts of photovoltaic – solar energy projects in Ontario, Canada.
Solon America is the daughter of U.S. $ 1.2 billion German solar manufacturer Solon AG
The company was founded in 1998 by CEO Jeff Ciachurski, the more than 200 MW take-out negotiated agreements established and collected more than 50 million U.S. dollars to acquire and develop real estate, the company projects.
His goal?
"To grow Western Wind Energy in a mid-size wind developer and operator with a market capitalization of between U.S. $ 1 billion and U.S. $ 4 billion."
Given the success of the company is not until today that does not come across as just a lot of wind.
About the Author
Darryl Kelley is the Energy Editor for Resourcex Investor, a premium source of news and investment ideas for individuals seeking information about emerging companies in the resource sector. Find our more by visiting http://www.ResourcexInvestor.com.
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