Wind and technology, two key ingredients for a cleaner energy future

In 2016 nearly 15% of the total U.S. generation mix was renewable energy and it continues to grow. In 2018 alone this shift in trend showed that 60% of new installed generation capacity, or new builds, were renewable energy focused (solar, wind and hydro) and 19% of the existing installed generation capacity.

Wind energy is one segment of that market which is helping to accelerate the transition to a low-carbon future and economy. This abundant natural resource has spurred an innovative industry that includes jobs in manufacturing, project development, operations, technology and maintenance.

Over the last four years, the wind energy sector has grown an average of 10% annually, creating jobs at a rate 21% times faster than that of the rest of the U.S. economy. This is evident in research by the Bureau of Labor Statistics which states that wind turbine service technicians is one of the fastest growing jobs in America now through 2026. Also, the American Wind Energy Association (AWEA) has reported that over the last decade this industry has invested an average of $14 billion annually in new wind projects, which is helping to meet present and future energy needs, while balancing critical climate related issues.

... Bank of America’s commitment to the wind energy industry has come to life through notable projects and partnerships across the country. Working with clients like EDF Renewables North America is helping to ensure the proliferation of wind power – one of the most valuable natural energy resources – which continues to be a leading energy source and driver of a more sustainable economy and energy platform.​

Read more at the article at Bank of America.

---