Wind Power on the Rise in the U.S.

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A Reliable Alternative: Wind Power

Wind PowerWith the pursuit of renewable energy on the rise around the world, many countries have put forth an investment. Among the most popular, and reliable, is wind energy. With its growing popularity in the U.S., wind power could eventually be the leading power provider in the country.

A Brief History of Wind Power

Wind power dates back as early as 5000 B.C., as the Egyptians used the power of wind to propel their boats down the Nile River which is 4,258 miles long. Fast forward to present day, where wind energy is harnessed by wind turbines that utilize giant propeller blades and are pushed by the wind. In turn, the movement from the blades powers an electric generator located at the base of the turbine, where the electric current is produced and stored.

Wind Power Statistics

Wind turbines have earned more than $100 billion in private investments in the U.S. since 2008. Wind energy has avoided an estimate of 159 million metric tons of CO2 – which is the equivalent of reducing power sector CO2 emissions by around 9%, which equals 33.7 million cars’ worth of carbon emissions. Intersect Energy offers analysis, financing, and structuring solutions for companies interested in exploring this renewable energy source.

Germany is currently the world leader in wind power capacity, generating 22,247 megawatts, which accounts for 24% of the world total. While Germany is the world’s leader in power generated, the U.S. is leading in the installations for the third year in a row producing, 5,244 megawatts of wind capacity added. In fact, there is a new turbine added to the U.S. every couple of hours. In 2016, 5.6 percent of all electricity produced in the U.S. was a result of wind energy. That number is sure to be on the rise with more turbines added every day.

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Will Renewable Energy Affect the Energy Market?

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Renewable Energy on the Rise

The concept of using renewable energy as an alternative to fossil fuels is growing more rapidly each year. Renewable energy options are on the rise, such as: solar, hydropower, biomass, wind and geothermal. The energy market will soon face a change that will be irreversible. When it comes to renewable energy development, financing and management, Intersect Energy is here to offer our expert services regarding alternative energy.

An efficient economic market place is anchored by the rule of supply and demand. Fossil fuels have been the energy supply to meet the demand for power for the majority of the Industrial Revolution. However, with the expansion of renewable energy, that dominance is beginning to fade. The supply for wind, solar and even hydropower is limitless in principle, because they will never run out.

Replacing Fossil Fuels

According to, renewable energy will replace fossil fuels in the next several decades. “It is hardly surprising, of course, that many experts say we will witness a relatively drawn-out transition from fossil fuels to renewables,” the article states. “Any new form of energy initially operates at a severe disadvantage, lacking the elaborate production, processing and distribution networks by the prevailing type.”

While the current administration advocates policies that promote remaining dependent on coal for the time being, China has their future set on renewable energy. According to this article, President Xi has been very interested in renewable energy and has been optimistic about its future. He believes in the “green shift” that the world is currently undergoing. Currently, China owns five of the top solar module manufactures, five of the largest wind turbine manufactures and six of the 10 major electrical car manufactures, setting themselves up to become the renewable energy world leader. Intersect Energy’s alternative energy on-site energy generation services offer analysis, financing, and structuring of alternative energy for various work sites, to take advantage of business opportunities that China and other countries are creating.

Balancing the Costs of Renewable Energy

Experts believe come 2020, renewable energy prices will be competitive against fossil fuels. According to a article, “all types of clean energy will fall within the cost range for fossil fuels in the next two years.

What the Future Holds for Renewable Energy

If we then fast forward 12 years to 2030, we can expect renewable energy to be the dominating energy source in the market due to its cheaper prices, better production and distribution, and all around higher effectiveness than coal, oil and natural gas. In conclusion, it’s safe to say that renewable energy affects the energy market today and tomorrow.

Intersect Energy is your guide when it comes to information about renewable energy and offers our services with energy reduction technologies, aggregate energy, and more. For more information, please click here to contact us.