Texas Approves Five Billion Dollars To Deliver More Wind Power

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by Staff Writers
Washington DC (SPX) Feb 06, 2009
Back in 2006 when Texas overtook California to lead the nation in wind power few would have predicted the break-neck pace of development that would follow. Today, just three years later, wind turbines generating 8005-megawatts, more than all the turbines spinning in California, Iowa and Minnesota, have outstripped the capacity of the high-voltage grid to move the power from windy west Texas to major cities where it's needed.

But, after a year of laying the groundwork to plan for as much as 18,500-megawatts of wind power, the Texas Public Utility Commission (Texas PUC) handed out rights last Thursday to a total of nine companies to construct $5 billion in new transmission lines.

"We have taken a big step to deliver more wind power to Texas electric customers," Texas PUC Chairman Barry Smitherman said after the decision.

West Texas and the Panhandle are the epicenter of wind development - not only in the State, but also the nation. Wind farm developers routinely hold town meetings encouraging local landowners to sign up for turbines and prosper from today's new "green" energy rush - just as the oil companies before them scrambled to stake claims a generation ago.

John Deere, with its 100 year old ties to rural America providing farm and industrial equipment is one of the largest owners and financiers of wind projects in west Texas. Analysts at Bernstein recently upgraded Deere to outperform.

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ENERGY TECH

High Growth Forecasted For Wind Turbine Systems And Components Market In USA

New York NY (SPX) Feb 06, 2009
In light of rising interest in developing domestic renewable energy resources, such as wind, that are cleaner and are not subject to the fuel price shocks, demand for wind turbine systems and components is expected to increase 6.8 percent per year to $10.1 billion in 2012.

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