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The secret behind the rapid growth of wind power capacity in United States

In 2016, wind power managed to surpass hydropower thus becoming the largest source of renewable electricity in United States.  It is now the fourth-biggest source of electricity behind natural gas, coal, and nuclear energy.

The majority of energy analysts agree that wind power capacity will continue to rise significantly in years to come. But what has made wind energy such a renewable energy force in United States?

The answer to this question lies in costs and technology.  The technological advancement in wind energy technologies did not only improve wind turbine efficiency, it has also contributed to significant decline in wind energy costs.

To be more precise, wind energy costs have decreased by 66% in the last seven years, while the productivity of wind turbines grew by more than 50% in the same period of time.  There are many parts of United States where wind energy is already the lowest-cost source of electricity, even cheaper than natural gas and coal.

Many electric utilities as well as notable number of large businesses have started buying wind power because it makes sense from the economic point view. The investment in wind energy will likely continue to grow even further because of stable prices and lower fuel-price risk.

According to most recent data wind power currently provides enough energy to power 24 million American homes.

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