2007: The year renewable energy tipped the scales
This is huge. According to a new report out from the Department of Energy, of the 8,673 megawatts of additional production that went on the grid, 5,186 megawatts alone were created by new wind farms, or nearly 60 percent.
It's not easy to build a coal fired power plant right now (heck, it seems like it's not easy to safely operate coal fired power plants right now), and should only be harder under the Obama administration. On the flip side, with every new wind farm that goes up, the path for additional farms is made a little smoother. Investor types put their cash where it's going to be easiest to make a profit, and wind farms are becoming a more attractive investment with every successful development.
Renewable energy makes up just 2.5 percent of our total electrical output, so we're far from where we ultimately need to be, but it looks like we're getting there faster every year.
In full disclosure, I'm a stockholder in Renewable Choice Energy, a company that I started in 1999 that is now one of the biggest players in the wind credit market. I'm nuts about wind power and think coal is the enemy of mankind.
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