The demand for wind energy in Texas is not expected to wane anytime soon according to a report commissioned by the Texas Clean Energy Commission. The report was done to examine the future of natural gas and renewable energy within the next twenty years.
Experts are predicting that there will be an increase in the amount of power share for renewable energy from 10% to 43% within the next two decades. This is as a result of the continuous demands for power which is fueling the increase of construction of wind farms in the state as well as the introduction of new transmission lines.
The wind farms that are currently being constructed are being estimated to cost over $2 billion dollars and will generate more than a 1000 megawatts of energy. The energy generated is expected to provide electricity to over 350,000 homes across the state.
As energy demands rise, the best sources of alternative energy on the marketplace are directly at odds. With new wind farms going up every year and nuclear power plants struggling to hold their position in the market place, the two could begin to kill each other off if they are not careful.
The two sides are also being pressured by natural gas as a much cleaner alternative to coal. The problem is that these competing forces are causing fluctuation in the markets that are radically altering their prices. The changes in prices have brought electricity prices down as demand goes down due to help from alternative energy. Because of this, alternative energy prices are not soaring, either.
As the alternative energy sources cut into each other's market share, we should look out for trouble in the future as demand and production rise simultaneously in the market.