Wind Power: A case study
The short of it is this: wind power is a great idea on paper but it is unreliable, mainly there when you don't need it, subsidized to the point where it destroys essential generation, and creates an environment where investors are rethinking investment in new plants.
July 20, 2012
by Moody Cap
in Seeking Alpha
Wind Power: A Case Study
July 19, 2012 | 5 commentsby: Moody Cap Within the United States, no other state surpasses Texas in wind power production. Texas currently has an installed capacity of over 10,000 MW of wind turbines, accounting for around 7% of electricity production within the state. The demand for wind resources has led the state to increase its wind capacity by over 5,000% in the past 10 years.
With such rapid growth and glowing media reports of renewable energy reshaping our society, the contrarian-minded individual can't help but ask: what's the catch?
Wind and ERCOT
The majority of... [continue via Web link]