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Economic and dam related articles

Study Projects Strong Wind Market
but Likely Crash if Tax Credits Expire

by Staff
Clean Edge News, August 16, 2012

Juniper Canyon will have a total of 128 wind turbines. Facing looming policy uncertainty beyond 2012, the U.S. remained one of the fastest-growing wind power markets in the world in 2011 -- second only to China -- according to a new report released by the U.S. Department of Energy and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab). Roughly 6.8 gigawatts (GW) of new wind power capacity were connected to the U.S. grid in 2011 -- more than the 5.2 GW built in 2010, but below the 10 GW added in 2009. Driven by the threat of expiring federal incentives, new wind power installations are widely expected to be substantially higher in 2012 than in 2011, and perhaps even in excess of 2009's record build.

Other key findings from the U.S. Department of Energy's "2011 Wind Technologies Market Report" include:

At the same time, the possible expiration of these incentives at the end of 2012, in concert with continued low natural gas prices, modest electricity demand growth, and existing state policies that are not sufficient to support continued capacity additions at the levels witnessed in recent years, threatens to dramatically slow new builds in 2013 and beyond, despite recent improvements in the cost and performance of wind power technology.

Study Projects Strong Wind Market but Likely Crash if Tax Credits Expire
Clean Edge News, August 16, 2012

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