The global energy giant ExxonMobil recently dropped a tantalizing hint that it is gearing up for a significant investment in renewable energy, but don’t get too excited. The company’s interest is apparently limited to deploying low cost renewables to help run — and potentially grow — its massive oil and gas operations in Texas.
Wind power capacity in the United States continued to experience strong growth in 2017 due to the production tax credit, various state-level policies, and improvements in the cost and performance of wind power technologies, yielding low-priced wind energy for utility, corporate, and other power purchasers.
The top 4 wind market industry trends of 2017:
With the gradual phase-out of the production tax credit already underway, the next few years will tell us whether wind power will remain a single-digit energy source or whether it is destined for bigger things. Here are four things I will be watching as this story unfolds: (more…)